How to Stake Oraichain (ORAI)

Introduction

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

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

   Platform	Mint	Cost
   Uphold	Oraichain (ORAI)	2,97
   Bake	Oraichain (ORAI)	2,35
   Bitget	Oraichain (ORAI)	2,35
   Bitpanda	Oraichain (ORAI)	10,03
   CoinEx	Oraichain (ORAI)	2,31
   Crypto.com	Oraichain (ORAI)	2,36

   View all 17 prices

2. 2. Select a Oraichain Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Kucoin	Oraichain (ORAI)	Up to 13% APY
   MyCointainer	Oraichain (ORAI)	Up to 19,13% APY

3. 3. Delegate Your ORAI

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