How to Stake Victory Impact (VIC)

Introduction

Staking Victory Impact can be an excellent choice for those looking to hold VIC 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 Victory Impact (VIC) Tokens

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

   Platform	Mint	Cost
   Binance	Victory Impact (VIC)	0,1
   BTSE	Victory Impact (VIC)	0,1
   Gate.io	Victory Impact (VIC)	0,1
   Hotcoin	Victory Impact (VIC)	0,25
   HTX	Victory Impact (VIC)	0,03

   View all 9 prices

2. 2. Select a Victory Impact Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Binance	Victory Impact (VIC)	Up to 5,9% APY

3. 3. Delegate Your VIC

   We recommend using a staking pool when staking VIC. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their VIC, 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 Victory Impact network. You'll be rewarded with VIC 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.