How to Stake NULS (NULS)

Introduction

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

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

   Platform	Mint	Cost
   Binance	NULS (NULS)	0,03
   OKX	NULS (NULS)	0,13
   BingX	NULS (NULS)	0,01
   Bitmart	NULS (NULS)	0,14
   Bitpanda	NULS (NULS)	0,38
   Bybit	NULS (NULS)	0,03

   View all 23 prices

2. 2. Select a NULS Wallet

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

   Platform	Mint	Staking rewards in South Africa
   MyCointainer	NULS (NULS)	Up to 7,2% APY

3. 3. Delegate Your NULS

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