Introduction

Staking Alchemy Pay can be an excellent choice for those looking to hold ACH while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Alchemy Pay (ACH) Tokens

   To stake Alchemy Pay, you first need to acquire it. To obtain Alchemy Pay, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Binance	Alchemy Pay (ACH)	0.02 APY
   BTSE	Alchemy Pay (ACH)	0.02 APY
   Coinbase	Alchemy Pay (ACH)	0.02 APY
   Kraken	Alchemy Pay (ACH)	0.02 APY
   OKX	Alchemy Pay (ACH)	0.02 APY
   Uphold	Alchemy Pay (ACH)	0.02 APY

   See all 44 prices in Uganda

2. 2. Select a Alchemy Pay Wallet

   Once you have ACH, you'll need to select a Alchemy Pay wallet to securely store your tokens. Here are some reliable options to consider.

3. 3. Delegate Your ACH

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

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.