Introduction

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

   To stake Biconomy, you first need to acquire it. To obtain Biconomy, 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	Biconomy (BICO)	0.04 APY
   Coinbase	Biconomy (BICO)	0.04 APY
   Kraken	Biconomy (BICO)	0.04 APY
   OKX	Biconomy (BICO)	0.13 APY
   Uphold	Biconomy (BICO)	0.11 APY
   BingX	Biconomy (BICO)	0.04 APY

   Check out all 44 prices

2. 2. Select a Biconomy Wallet

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

3. 3. Delegate Your BICO in South Korea

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

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.