Introduction

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

   To stake Klaytn, you first need to acquire it. To obtain Klaytn, 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	Klaytn (KLAY)	0.13 APY
   Uphold	Klaytn (KLAY)	0.26 APY
   Kucoin	Klaytn (KLAY)	0.12 APY
   Probit	Klaytn (KLAY)	0.1 APY

   Check out all 5 prices

2. 2. Select a Klaytn Wallet

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

3. 3. Delegate Your KLAY in South Korea

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

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.