How to Stake Cosmos Hub (ATOM) for optimal returns

Introduction

Staking Cosmos Hub can be an excellent choice for those looking to hold ATOM 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 Cosmos Hub (ATOM) Tokens

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

   플랫폼	코인	Price
   Nexo	Cosmos Hub (ATOM)	1.99 APY
   PrimeXBT	Cosmos Hub (ATOM)	1.99 APY
   YouHodler	Cosmos Hub (ATOM)	1.99 APY
   Binance	Cosmos Hub (ATOM)	1.99 APY
   BTSE	Cosmos Hub (ATOM)	1.99 APY
   Coinbase	Cosmos Hub (ATOM)	1.99 APY

   Check out all 69 prices

2. 2. Select a Cosmos Hub Wallet

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

   플랫폼	코인	Staking 보상
   YouHodler	Cosmos Hub (ATOM)	Up to 12% APY
   Uphold	Cosmos Hub (ATOM)	Up to 15% APY
   Bake	Cosmos Hub (ATOM)	Up to 12% APY
   Binance	Cosmos Hub (ATOM)	Up to 10.5% APY
   Bitget	Cosmos Hub (ATOM)	Up to 17% APY

   Check out all 33 staking rewards available.

3. 3. Delegate Your ATOM in South Korea

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

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.