Introduction
Staking PayPal USD can be an excellent choice for those looking to hold PYUSD 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. Acquire PayPal USD (PYUSD) Tokens
To stake PayPal USD, you first need to acquire it. To obtain PayPal USD, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.
2. Select a PayPal USD Wallet
Once you have PYUSD, you'll need to select a PayPal USD wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.
플랫폼 코인 Staking 보상 YouHodler PayPal USD (PYUSD) Up to 12% APY 3. Delegate Your PYUSD in South Korea
We recommend using a staking pool when staking PYUSD. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their PYUSD, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.
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 PayPal USD network. For these validations, you will be rewarded with PYUSD.
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.
Recent Trends
PayPal USD (PYUSD) is currently priced at $12 with a 24-hour trading volume of $18.58M. The market cap of PayPal USD stands at $523.59M, with 523.63M PYUSD in circulation. For those looking to buy or trade PayPal USD, YouHodler offers avenues to do so securely and efficiently
- Market capitalization
- $523.59M
- 24시간 거래량
- $18.58M
- Circulating supply in the market
- 523.63M PYUSD
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