How to Stake ZKsync (ZK) for better returns

Introduction

Staking ZKsync can be an excellent choice for individuals looking to hold ZK 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 ZKsync (ZK) Tokens

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

   Platform	Coin	Price
   PrimeXBT	ZKsync (ZK)	0.03 APY
   BTSE	ZKsync (ZK)	0.03 APY
   Coinbase	ZKsync (ZK)	0.03 APY
   Kraken	ZKsync (ZK)	0.03 APY
   OKX	ZKsync (ZK)	0.06 APY
   Bake	ZKsync (ZK)	0.03 APY

   View all 42 prices

2. 2. Select a ZKsync Wallet for Your Needs

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

   Platform	Coin	Staking returns
   Bitmart	ZKsync (ZK)	Up to 1% APY

3. 3. Delegate Your ZK for Enhanced Returns

   We recommend utilizing a staking pool when staking ZK. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their ZK, 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 ZKsync network. For these validations, you will be rewarded with ZK.

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.