Introduction

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

   To stake Lisk, you first need to acquire it. To obtain Lisk, 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	Lisk (LSK)	0.21 APY
   Kraken	Lisk (LSK)	0.21 APY
   OKX	Lisk (LSK)	0.58 APY
   BingX	Lisk (LSK)	0.21 APY
   Bitget	Lisk (LSK)	0.2 APY
   Bitpanda	Lisk (LSK)	1.22 APY

   Check out all 29 prices

2. 2. Select a Lisk Wallet

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

3. 3. Delegate Your LSK in South Korea

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

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.