How to Stake Notcoin (NOT) for optimal returns

Introduction

Staking Notcoin can be an excellent choice for those looking to hold NOT 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 Notcoin (NOT) Tokens

   To stake Notcoin, you first need to acquire it. To obtain Notcoin, 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	Notcoin (NOT)	0.000533 APY
   YouHodler	Notcoin (NOT)	0.000533 APY
   Binance	Notcoin (NOT)	0.000533 APY
   Kraken	Notcoin (NOT)	0.000533 APY
   OKX	Notcoin (NOT)	0 APY
   Uphold	Notcoin (NOT)	0 APY

   Check out all 44 prices

2. 2. Select a Notcoin Wallet

   Once you have NOT, you'll need to select a Notcoin wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   Binance	Notcoin (NOT)	Up to 7.9% APY

3. 3. Delegate Your NOT in South Korea

   We recommend using a staking pool when staking NOT. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their NOT, 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 Notcoin network. For these validations, you will be rewarded with NOT.

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.