Introduction

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

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

   플랫폼	코인	Price
   Coinbase	Neon (NEON)	0.06 APY
   BingX	Neon (NEON)	0.06 APY
   Bitmart	Neon (NEON)	0.06 APY
   CoinEx	Neon (NEON)	0.06 APY
   CoinList	Neon (NEON)	0.14 APY
   Crypto.com	Neon (NEON)	0.06 APY

   Check out all 22 prices

2. 2. Select a Neon Wallet

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

3. 3. Delegate Your NEON in South Korea

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

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.