How to Stake Ethereum (ETH): A Step-by-Step Guide for South Africans

Introduction

Staking Ethereum can be an excellent choice for those looking to hold ETH 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 Ethereum (ETH) Tokens
To stake Ethereum, you first need to acquire it. To obtain Ethereum, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
Nexo Ethereum (ETH) 3 012,93
PrimeXBT Ethereum (ETH) 3 012,3
EarnPark Ethereum (ETH) 2 991,27
YouHodler Ethereum (ETH) 3 014,66
Binance Ethereum (ETH) 3 013,56
BTSE Ethereum (ETH) 3 011,26
View all 82 prices

Platform	Mint	Cost
Nexo	Ethereum (ETH)	3 012,93
PrimeXBT	Ethereum (ETH)	3 012,3
EarnPark	Ethereum (ETH)	2 991,27
YouHodler	Ethereum (ETH)	3 014,66
Binance	Ethereum (ETH)	3 013,56
BTSE	Ethereum (ETH)	3 011,26

2. Select a Ethereum Wallet

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

Platform	Mint	Staking rewards in South Africa
Nexo	Ethereum (ETH)	Up to 3,5% APY
YouHodler	Ethereum (ETH)	Up to 9% APY
Uphold	Ethereum (ETH)	Up to 1,76% APY
Ankr	Ethereum (ETH)	Up to 2,43% APY
Bake	Ethereum (ETH)	Up to 2,9% APY
Binance	Ethereum (ETH)	Up to 2,4% APY

View all 40 staking rewards available

3. Delegate Your ETH
We recommend using a staking pool when staking ETH. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their ETH, 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 Ethereum network. You'll be rewarded with ETH 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$391,24B
24-hour trading volume: US$29,14B
Circulating supply: 120,48M ETH

Check the latest updates

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