Introduction
Staking ZetaChain can be an excellent choice for those looking to hold ZETA 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 ZetaChain (ZETA) Tokens
To stake ZetaChain, you first need to acquire it. To obtain ZetaChain, you'll need to buy it. You can select from these popular exchanges available in South Africa.
View all 33 pricesPlatform Mint Cost PrimeXBT ZetaChain (ZETA) 0,07 BTSE ZetaChain (ZETA) 0,07 Coinbase ZetaChain (ZETA) 0,07 OKX ZetaChain (ZETA) 0,18 Uphold ZetaChain (ZETA) 0,23 Bitfinex ZetaChain (ZETA) 0,9 2. Select a ZetaChain Wallet
Once you have ZETA, you'll need to choose a ZetaChain wallet to store your tokens securely. Here are some solid options to consider.
View all 4 staking rewards availablePlatform Mint Staking rewards in South Africa Bitpanda ZetaChain (ZETA) Up to 5% APY 3. Delegate Your ZETA
We recommend using a staking pool when staking ZETA. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their ZETA, 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 ZetaChain network. You'll be rewarded with ZETA 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.
Latest Movements in the Market
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- Market capitalisation
- US$335,32M
- 24-hour trading volume
- US$21,04M
- Circulating supply
- 634,38M ZETA
