How to Stake Raydium (RAY): A Step-by-Step Guide for South Africans

Introduction

Staking Raydium can be an excellent choice for those looking to hold RAY 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 Raydium (RAY) Tokens
To stake Raydium, you first need to acquire it. To obtain Raydium, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
YouHodler Raydium (RAY) 0,93
Binance Raydium (RAY) 0,93
Kraken Raydium (RAY) 0,93
OKX Raydium (RAY) 0,92
Uphold Raydium (RAY) 2,39
Azbit Raydium (RAY) 0,93
View all 46 prices
2. Select a Raydium Wallet
Once you have RAY, you'll need to choose a Raydium wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
YouHodler Raydium (RAY) Up to 15% APY
Binance Raydium (RAY) Up to 5,23% APY
View all 4 staking rewards available
3. Delegate Your RAY
We recommend using a staking pool when staking RAY. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their RAY, 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 Raydium network. You'll be rewarded with RAY for these validations.

Platform	Mint	Cost
YouHodler	Raydium (RAY)	0,93
Binance	Raydium (RAY)	0,93
Kraken	Raydium (RAY)	0,93
OKX	Raydium (RAY)	0,92
Uphold	Raydium (RAY)	2,39
Azbit	Raydium (RAY)	0,93

Platform	Mint	Staking rewards in South Africa
YouHodler	Raydium (RAY)	Up to 15% APY
Binance	Raydium (RAY)	Up to 5,23% APY

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.