Introduction

Staking Bonk can be an excellent choice for those looking to hold BONK 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 Bonk (BONK) Tokens

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

   플랫폼	코인	Price
   YouHodler	Bonk (BONK)	0.0000106 APY
   Binance	Bonk (BONK)	0.0000106 APY
   BTSE	Bonk (BONK)	0.00001059 APY
   OKX	Bonk (BONK)	0.00002173 APY
   Uphold	Bonk (BONK)	0.00001688 APY
   Bake	Bonk (BONK)	0.00001066 APY

   Check out all 41 prices

2. 2. Select a Bonk Wallet

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

3. 3. Delegate Your BONK in South Korea

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

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.