How to Stake Archway (ARCH) for optimal returns

Introduction

Staking Archway can be an excellent choice for those looking to hold ARCH 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 Archway (ARCH) Tokens

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

   플랫폼	코인	Price
   CoinEx	Archway (ARCH)	0.01 APY
   MEXC Global	Archway (ARCH)	0.01 APY

   Check out all 4 prices

2. 2. Select a Archway Wallet

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

   플랫폼	코인	Staking 보상
   Chainode Tech	Archway (ARCH)	Up to 16% APY
   Stakely.io	Archway (ARCH)	Up to 3.17% APY
   Stakin	Archway (ARCH)	Up to 15.03% APY

   Check out all 6 staking rewards available.

3. 3. Delegate Your ARCH in South Korea

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

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.