How to Stake AltLayer (ALT)

Introduction

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

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

   Platform	Mint	Cost
   PrimeXBT	AltLayer (ALT)	0,03
   Binance	AltLayer (ALT)	0,03
   Coinbase	AltLayer (ALT)	0,03
   Bybit	AltLayer (ALT)	0,03
   Crypto.com	AltLayer (ALT)	0,03
   Gate.io	AltLayer (ALT)	0,03

   View all 21 prices

2. 2. Select a AltLayer Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Binance	AltLayer (ALT)	Up to 8,9% APY

3. 3. Delegate Your ALT

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