How to Stake JUNO (JUNO) for optimal returns

Introduction

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

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

   플랫폼	코인	Price
   Kraken	JUNO (JUNO)	0.04 APY
   MEXC Global	JUNO (JUNO)	0.07 APY

   Check out all 4 prices

2. 2. Select a JUNO Wallet

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

   플랫폼	코인	Staking 보상
   Stakely.io	JUNO (JUNO)	Up to 23.81% APY
   Stakewolle	JUNO (JUNO)	Up to 30.57% APY
   Stakin	JUNO (JUNO)	Up to 25.57% APY

   Check out all 6 staking rewards available.

3. 3. Delegate Your JUNO in South Korea

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

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.