Introduction
Staking First Digital USD can be an excellent choice for those looking to hold FDUSD 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 First Digital USD (FDUSD) Tokens
To stake First Digital USD, you first need to acquire it. To obtain First Digital USD, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.
2. Select a First Digital USD Wallet
Once you have FDUSD, you'll need to select a First Digital USD wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.
플랫폼 코인 Staking 보상 Binance First Digital USD (FDUSD) Up to 16.2% APY 3. Delegate Your FDUSD in South Korea
We recommend using a staking pool when staking FDUSD. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their FDUSD, 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 First Digital USD network. For these validations, you will be rewarded with FDUSD.
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.
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missing en-kr translation: common.latest-movements-copy
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- 1.79B FDUSD
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