How to Stake Starknet (STRK) for optimal returns

Introduction

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

   To stake Starknet, you first need to acquire it. To obtain Starknet, 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	Starknet (STRK)	0.08 APY
   YouHodler	Starknet (STRK)	0.08 APY
   Binance	Starknet (STRK)	0.08 APY
   BTSE	Starknet (STRK)	0.08 APY
   Coinbase	Starknet (STRK)	0.08 APY
   Kraken	Starknet (STRK)	0.08 APY

   Check out all 60 prices

2. 2. Select a Starknet Wallet

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

3. 3. Delegate Your STRK in South Korea

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

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.