Introduction

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

   To stake Reef, you first need to acquire it. To obtain Reef, 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	Reef (REEF)	0.000688 APY
   BingX	Reef (REEF)	0.0004311 APY
   Bitget	Reef (REEF)	0 APY
   Bitmart	Reef (REEF)	0.0001476 APY
   Bitpanda	Reef (REEF)	0 APY
   Bybit	Reef (REEF)	0.0004742 APY

   Check out all 22 prices

2. 2. Select a Reef Wallet

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

3. 3. Delegate Your REEF in South Korea

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

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.