How to Stake Acala (ACA) for optimal returns

Introduction

Staking Acala can be an excellent choice for those looking to hold ACA while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire Acala (ACA) Tokens

   To stake Acala, you first need to acquire it. To obtain Acala, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   Binance	Acala (ACA)	0.01 APY
   Kraken	Acala (ACA)	0.01 APY
   OKX	Acala (ACA)	0.04 APY
   BingX	Acala (ACA)	0.01 APY
   Bitget	Acala (ACA)	0.01 APY
   Bitmart	Acala (ACA)	0.03 APY

   Check out all 26 prices

2. 2. Select a Acala Wallet

   Once you have ACA, you'll need to select a Acala wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   Binance	Acala (ACA)	Up to 11.2% APY
   Bitget	Acala (ACA)	Up to 10% APY

3. 3. Delegate Your ACA in South Korea

   We recommend using a staking pool when staking ACA. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their ACA, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Start Validating

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

What to Keep in Mind

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.