How to Stake Starknet (STRK)

Introduction

Staking Starknet can be an excellent choice for those looking to hold STRK while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Starknet (STRK) Tokens

   To stake Starknet, you first need to acquire it. To obtain Starknet, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   YouHodler	Starknet (STRK)	0.13 APY
   Binance	Starknet (STRK)	0.13 APY
   BTSE	Starknet (STRK)	0.13 APY
   Coinbase	Starknet (STRK)	0.13 APY
   Kraken	Starknet (STRK)	0.13 APY
   OKX	Starknet (STRK)	0.13 APY

   See all 58 prices in Uganda

2. 2. Select a Starknet Wallet

   Once you have STRK, you'll need to select a Starknet wallet to securely store your tokens. Here are some reliable options to consider.

3. 3. Delegate Your STRK

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

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.