How to Stake Oraichain (ORAI) for optimal returns

Introduction

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

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

   플랫폼	코인	Price
   Uphold	Oraichain (ORAI)	2.97 APY
   Bake	Oraichain (ORAI)	0.74 APY
   Bitget	Oraichain (ORAI)	0.74 APY
   Bitpanda	Oraichain (ORAI)	10.03 APY
   CoinEx	Oraichain (ORAI)	0.74 APY
   Crypto.com	Oraichain (ORAI)	0.73 APY

   Check out all 17 prices

2. 2. Select a Oraichain Wallet

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

   플랫폼	코인	Staking 보상
   Kucoin	Oraichain (ORAI)	Up to 13% APY
   MyCointainer	Oraichain (ORAI)	Up to 19.13% APY

3. 3. Delegate Your ORAI in South Korea

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

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.