How to Stake Portal (PORTAL) for optimal returns

Introduction

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

   To stake Portal, you first need to acquire it. To obtain Portal, 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	Portal (PORTAL)	0.05 APY
   Kraken	Portal (PORTAL)	0.05 APY
   Binance	Portal (PORTAL)	0.05 APY
   BTSE	Portal (PORTAL)	0.05 APY
   Azbit	Portal (PORTAL)	0.05 APY
   BingX	Portal (PORTAL)	0.05 APY

   Check out all 39 prices

2. 2. Select a Portal Wallet

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

   플랫폼	코인	Staking 보상
   Bitmart	Portal (PORTAL)	Up to 1% APY

3. 3. Delegate Your PORTAL in South Korea

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

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.