How to Stake Wanchain (WAN)

Introduction

Staking Wanchain can be an excellent choice for those looking to hold WAN 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 Wanchain (WAN) Tokens

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

   Platform	Mint	Cost
   Binance	Wanchain (WAN)	0,07
   Bitpanda	Wanchain (WAN)	0,22
   CoinEx	Wanchain (WAN)	0,07
   HTX	Wanchain (WAN)	0,07
   Kucoin	Wanchain (WAN)	0,07

   View all 9 prices

2. 2. Select a Wanchain Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Kucoin	Wanchain (WAN)	Up to 2,3% APY
   MyCointainer	Wanchain (WAN)	Up to 7,1% APY

3. 3. Delegate Your WAN

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