Introduction

Staking NKN can be an excellent choice for individuals looking to hold NKN while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire NKN (NKN) Tokens

   To stake NKN, you first need to acquire it. To obtain NKN, you can purchase it from these well-known exchanges.

   Platform	Coin	Price
   Binance	NKN (NKN)	0.01 APY
   Coinbase	NKN (NKN)	0.01 APY
   BingX	NKN (NKN)	0.01 APY
   Bitget	NKN (NKN)	0.01 APY
   Bitmart	NKN (NKN)	0.03 APY
   Bitpanda	NKN (NKN)	0.11 APY

   View all 30 prices

2. 2. Select a NKN Wallet for Your Needs

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

3. 3. Delegate Your NKN for Enhanced Returns

   We recommend utilizing a staking pool when staking NKN. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their NKN, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the NKN network. For these validations, you will be rewarded with NKN.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.