How to Stake IOST (IOST) for optimal returns

Introduction

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

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

   플랫폼	코인	Price
   EarnPark	IOST (IOST)	0.01 APY
   Binance	IOST (IOST)	0 APY
   OKX	IOST (IOST)	0 APY
   BingX	IOST (IOST)	0 APY
   Bitget	IOST (IOST)	0 APY
   Bitmart	IOST (IOST)	0 APY

   Check out all 35 prices

2. 2. Select a IOST Wallet

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

   플랫폼	코인	Staking 보상
   Binance	IOST (IOST)	Up to 2.3% APY
   Bitget	IOST (IOST)	Up to 4% APY

   Check out all 6 staking rewards available.

3. 3. Delegate Your IOST in South Korea

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

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.