How to Stake CHEQD Network (CHEQ): A Step-by-Step Guide for Korean Investors

Introduction

Staking CHEQD Network can be an excellent choice for those looking to hold CHEQ 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. Acquire CHEQD Network (CHEQ) Tokens

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

플랫폼	코인	Price
BingX	CHEQD Network (CHEQ)	0.01 APY
Bitmart	CHEQD Network (CHEQ)	0.01 APY
Bitpanda	CHEQD Network (CHEQ)	0.05 APY
CoinEx	CHEQD Network (CHEQ)	0.01 APY
Gate.io	CHEQD Network (CHEQ)	0.01 APY
Kucoin	CHEQD Network (CHEQ)	0.01 APY

Check out all 13 prices

2. Select a CHEQD Network Wallet
Once you have CHEQ, you'll need to select a CHEQD Network wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.
플랫폼 코인 Staking 보상
MyCointainer CHEQD Network (CHEQ) Up to 10% APY
Stakewolle CHEQD Network (CHEQ) Up to 12.89% APY
3. Delegate Your CHEQ in South Korea
We recommend using a staking pool when staking CHEQ. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their CHEQ, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.
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 CHEQD Network network. For these validations, you will be rewarded with CHEQ.

플랫폼	코인	Staking 보상
MyCointainer	CHEQD Network (CHEQ)	Up to 10% APY
Stakewolle	CHEQD Network (CHEQ)	Up to 12.89% APY

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.