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Staking BurgerCities can be an excellent choice for individuals in the UAE looking to hold BURGER while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide to assist you.
To stake BurgerCities, you first need to acquire it. To obtain BurgerCities, you will need to purchase it from one of the popular exchanges available in the UAE.
| Platform | Cryptocurrency | Price |
|---|---|---|
| Binance | BurgerCities (BURGER) | 0.02 |
| BingX | BurgerCities (BURGER) | 0.02 |
| Bitget | BurgerCities (BURGER) | 0.01 |
| CoinEx | BurgerCities (BURGER) | 0 |
| Hotcoin | BurgerCities (BURGER) | 0.05 |
| Kucoin | BurgerCities (BURGER) | 0.01 |
Once you have BURGER, you'll need to select a BurgerCities wallet to securely store your tokens. Here are some excellent options available in the UAE market.
We recommend utilizing a staking pool when staking BURGER. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their BURGER, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the BurgerCities network. For these validations, you will be rewarded with BURGER.
In the UAE, it's important to factor in transaction and staking pool fees when engaging in cryptocurrency activities. Additionally, you may experience a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
