How to Stake AltLayer (ALT) for optimal returns

Introduction

Staking AltLayer can be an excellent choice for those looking to hold ALT 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 AltLayer (ALT) Tokens

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

   플랫폼	코인	Price
   PrimeXBT	AltLayer (ALT)	0.01 APY
   Binance	AltLayer (ALT)	0.01 APY
   Coinbase	AltLayer (ALT)	0.01 APY
   Bybit	AltLayer (ALT)	0.01 APY
   Crypto.com	AltLayer (ALT)	0.01 APY
   FMFW.io	AltLayer (ALT)	0.02 APY

   Check out all 22 prices

2. 2. Select a AltLayer Wallet

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

   플랫폼	코인	Staking 보상
   Binance	AltLayer (ALT)	Up to 8.9% APY

3. 3. Delegate Your ALT in South Korea

   We recommend using a staking pool when staking ALT. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their ALT, 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 AltLayer network. For these validations, you will be rewarded with ALT.

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.