Introduction

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

   To stake NKN, you first need to acquire it. To obtain NKN, 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	NKN (NKN)	0.01 APY
   Coinbase	NKN (NKN)	0.01 APY
   BingX	NKN (NKN)	0.01 APY
   Bitget	NKN (NKN)	0.01 APY
   Bitmart	NKN (NKN)	0.03 APY
   Bitpanda	NKN (NKN)	0.11 APY

   Check out all 30 prices

2. 2. Select a NKN Wallet

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

3. 3. Delegate Your NKN in South Korea

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

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.