How to Stake XPLA (XPLA)

Introduction

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

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

   Platform	Mint	Cost
   Bitget	XPLA (XPLA)	0,04
   CoinEx	XPLA (XPLA)	0,02
   Crypto.com	XPLA (XPLA)	0,02
   Gate.io	XPLA (XPLA)	0,02
   HTX	XPLA (XPLA)	0,04
   MEXC Global	XPLA (XPLA)	0,04

   View all 12 prices

2. 2. Select a XPLA Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Everstake	XPLA (XPLA)	Up to 10,79% APY

3. 3. Delegate Your XPLA

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