How to Stake Waves (WAVES): A Step-by-Step Guide for South Africans

Introduction

Staking Waves can be an excellent choice for those looking to hold WAVES 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. Acquire Waves (WAVES) Tokens
To stake Waves, you first need to acquire it. To obtain Waves, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
Binance Waves (WAVES) 1,08
Azbit Waves (WAVES) 0,69
BingX Waves (WAVES) 0,69
Bitfinex Waves (WAVES) 2,33
Bitget Waves (WAVES) 0,69
Bitmart Waves (WAVES) 0,69
View all 28 prices
2. Select a Waves Wallet
Once you have WAVES, you'll need to choose a Waves wallet to store your tokens securely. Here are some solid options to consider.
3. Delegate Your WAVES
We recommend using a staking pool when staking WAVES. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their WAVES, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Waves network. You'll be rewarded with WAVES for these validations.

Platform	Mint	Cost
Binance	Waves (WAVES)	1,08
Azbit	Waves (WAVES)	0,69
BingX	Waves (WAVES)	0,69
Bitfinex	Waves (WAVES)	2,33
Bitget	Waves (WAVES)	0,69
Bitmart	Waves (WAVES)	0,69

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.