How to Stake Stox (STX)

Introduction

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

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

   Platform	Mint	Cost
   Kraken	Stox (STX)	0,65
   OKX	Stox (STX)	0,65
   Binance	Stox (STX)	0,65
   Coinbase	Stox (STX)	0,65
   Bake	Stox (STX)	0,65
   Bitfinex	Stox (STX)	0,64

   View all 31 prices

2. 2. Select a Stox Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Binance	Stox (STX)	Up to 5% APY
   Kucoin	Stox (STX)	Up to 4% APY

   View all 4 staking rewards available

3. 3. Delegate Your STX

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