How to Stake iExec RLC (RLC) for optimal returns

Introduction

Staking iExec RLC can be an excellent choice for those looking to hold RLC 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 iExec RLC (RLC) Tokens

   To stake iExec RLC, you first need to acquire it. To obtain iExec RLC, 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	iExec RLC (RLC)	0.65 APY
   Coinbase	iExec RLC (RLC)	0.65 APY
   Kraken	iExec RLC (RLC)	0.65 APY
   BingX	iExec RLC (RLC)	2.07 APY
   Bitget	iExec RLC (RLC)	0.65 APY
   Bitmart	iExec RLC (RLC)	0.84 APY

   Check out all 32 prices

2. 2. Select a iExec RLC Wallet

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

   플랫폼	코인	Staking 보상
   Bitmart	iExec RLC (RLC)	Up to 1% APY

3. 3. Delegate Your RLC in South Korea

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

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.