How to Stake Polymesh (POLYX): A Step-by-Step Guide for Korean Investors

Introduction

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

To stake Polymesh, you first need to acquire it. To obtain Polymesh, 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	Polymesh (POLYX)	0.06 APY
Binance	Polymesh (POLYX)	0.06 APY
BingX	Polymesh (POLYX)	0.06 APY
Bitget	Polymesh (POLYX)	0.06 APY
Bitmart	Polymesh (POLYX)	0.06 APY
Bitpanda	Polymesh (POLYX)	0.36 APY

Check out all 25 prices

2. Select a Polymesh Wallet
Once you have POLYX, you'll need to select a Polymesh wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.
플랫폼 코인 Staking 보상
Binance Polymesh (POLYX) Up to 12.13% APY
MyCointainer Polymesh (POLYX) Up to 21% APY
3. Delegate Your POLYX in South Korea
We recommend using a staking pool when staking POLYX. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their POLYX, 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 Polymesh network. For these validations, you will be rewarded with POLYX.

플랫폼	코인	Staking 보상
Binance	Polymesh (POLYX)	Up to 12.13% APY
MyCointainer	Polymesh (POLYX)	Up to 21% APY

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.