Introduction

Staking HIVE can be an excellent choice for those looking to hold hive 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 HIVE (hive) Tokens

   To stake HIVE, you first need to acquire it. To obtain HIVE, 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	HIVE (hive)	0.1 APY
   Bitget	HIVE (hive)	0.1 APY
   Bitmart	HIVE (hive)	0.1 APY
   Bybit	HIVE (hive)	0.1 APY
   CoinEx	HIVE (hive)	0.1 APY
   Gate.io	HIVE (hive)	0.1 APY

   Check out all 18 prices

2. 2. Select a HIVE Wallet

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

3. 3. Delegate Your hive in South Korea

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

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.