How to Stake Harmony (ONE) for optimal returns

Introduction

Staking Harmony can be an excellent choice for those looking to hold ONE 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 Harmony (ONE) Tokens

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

   플랫폼	코인	Price
   Binance	Harmony (ONE)	0 APY
   BTSE	Harmony (ONE)	0 APY
   OKX	Harmony (ONE)	0.01 APY
   Uphold	Harmony (ONE)	0.01 APY
   Bitmart	Harmony (ONE)	0.01 APY

   Check out all 22 prices

2. 2. Select a Harmony Wallet

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

   플랫폼	코인	Staking 보상
   Binance	Harmony (ONE)	Up to 6% APY
   Bitpanda	Harmony (ONE)	Up to 7% APY
   Chainode Tech	Harmony (ONE)	Up to 11% APY

   Check out all 6 staking rewards available.

3. 3. Delegate Your ONE in South Korea

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

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.