Recent Developments
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- Market capitalization
- $4.94B
- 24-hour trading volume
- $219.57M
- Circulating supply
- 479.09M ICP
Earn up to
6.9% APY in the UAE.
An in-depth guide on how to stake Internet Computer (ICP) in the UAE
We have extensive information on staking Internet Computer (ICP), and we are pleased to share some of these insights with you.
We present you with various staking options featuring different cryptocurrencies that may pique your interest.
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Staking Internet Computer can be an excellent choice for individuals in the UAE looking to hold ICP 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 Internet Computer, you first need to acquire it. To obtain Internet Computer, you will need to purchase it from one of the popular exchanges available in the UAE.
| Platform | Cryptocurrency | Price |
|---|---|---|
| PrimeXBT | Internet Computer (ICP) | 3.07 |
| YouHodler | Internet Computer (ICP) | 3.07 |
| Binance | Internet Computer (ICP) | 3.07 |
| Coinbase | Internet Computer (ICP) | 3.07 |
| Kraken | Internet Computer (ICP) | 3.07 |
| OKX | Internet Computer (ICP) | 5.15 |
Once you have ICP, you'll need to select a Internet Computer wallet to securely store your tokens. Here are some excellent options available in the UAE market.
| Platform | Cryptocurrency | Staking rewards in the UAE |
|---|---|---|
| Binance | Internet Computer (ICP) | Up to 3.92% APY |
| Bitmart | Internet Computer (ICP) | Up to 1% APY |
We recommend utilizing a staking pool when staking ICP. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their ICP, 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 Internet Computer network. For these validations, you will be rewarded with ICP.
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.