How to Stake Bone ShibaSwap (BONE) for optimal returns

Introduction

Staking Bone ShibaSwap can be an excellent choice for those looking to hold BONE 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 Bone ShibaSwap (BONE) Tokens

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

   플랫폼	코인	Price
   OKX	Bone ShibaSwap (BONE)	0.23 APY
   Uphold	Bone ShibaSwap (BONE)	0.29 APY
   BingX	Bone ShibaSwap (BONE)	0.08 APY
   Bitget	Bone ShibaSwap (BONE)	0.19 APY
   Bitmart	Bone ShibaSwap (BONE)	0.08 APY
   CoinEx	Bone ShibaSwap (BONE)	0.08 APY

   Check out all 23 prices

2. 2. Select a Bone ShibaSwap Wallet

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

   플랫폼	코인	Staking 보상
   MyCointainer	Bone ShibaSwap (BONE)	Up to 8.12% APY

3. 3. Delegate Your BONE in South Korea

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

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.