Introduction

Staking Merlin Chain can be an excellent choice for those looking to hold MERL 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 Merlin Chain (MERL) Tokens

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

   플랫폼	코인	Price
   PrimeXBT	Merlin Chain (MERL)	0.31 APY
   BTSE	Merlin Chain (MERL)	0.31 APY
   Kraken	Merlin Chain (MERL)	0.31 APY
   OKX	Merlin Chain (MERL)	0.11 APY
   BingX	Merlin Chain (MERL)	0.31 APY
   Bitget	Merlin Chain (MERL)	0.31 APY

   Check out all 32 prices

2. 2. Select a Merlin Chain Wallet

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

3. 3. Delegate Your MERL in South Korea

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

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.