How to Stake VeChain (VET)

Introduction

Staking VeChain can be an excellent choice for those looking to hold VET while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire VeChain (VET) Tokens

   To stake VeChain, you first need to acquire it. To obtain VeChain, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Nexo	VeChain (VET)	0,01
   PrimeXBT	VeChain (VET)	0,01
   YouHodler	VeChain (VET)	0,01
   Binance	VeChain (VET)	0,01
   Coinbase	VeChain (VET)	0,01
   Uphold	VeChain (VET)	0,02

   View all 46 prices

2. 2. Select a VeChain Wallet

   Once you have VET, you'll need to choose a VeChain wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Atomic Wallet	VeChain (VET)	Up to 1,63% APY
   Binance	VeChain (VET)	Up to 1% APY

   View all 8 staking rewards available

3. 3. Delegate Your VET

   We recommend using a staking pool when staking VET. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their VET, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the VeChain network. You'll be rewarded with VET for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.