How to Stake PIVX (PIVX) for optimal returns

Introduction

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

   To stake PIVX, you first need to acquire it. To obtain PIVX, 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	PIVX (PIVX)	0.12 APY
   Bitmart	PIVX (PIVX)	0.12 APY
   CoinEx	PIVX (PIVX)	0.12 APY
   Gate.io	PIVX (PIVX)	0.16 APY
   LBank	PIVX (PIVX)	0.34 APY
   MEXC Global	PIVX (PIVX)	0.12 APY

   Check out all 12 prices

2. 2. Select a PIVX Wallet

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

   플랫폼	코인	Staking 보상
   MyCointainer	PIVX (PIVX)	Up to 6.5% APY

3. 3. Delegate Your PIVX in South Korea

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

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.