How to Stake Zilliqa (ZIL)

Introduction

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

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

   Platform	Mint	Cost
   EarnPark	Zilliqa (ZIL)	0
   YouHodler	Zilliqa (ZIL)	0
   Binance	Zilliqa (ZIL)	0
   OKX	Zilliqa (ZIL)	0,01
   Uphold	Zilliqa (ZIL)	0,01
   Bake	Zilliqa (ZIL)	0

   View all 45 prices

2. 2. Select a Zilliqa Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Uphold	Zilliqa (ZIL)	Up to 5% APY
   Atomic Wallet	Zilliqa (ZIL)	Up to 15% APY
   Binance	Zilliqa (ZIL)	Up to 5,4% APY

   View all 20 staking rewards available

3. 3. Delegate Your ZIL

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