Introduction

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

   To stake Stella, you first need to acquire it. To obtain Stella, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   Uphold	Stella (ALPHA)	0.03 APY
   BingX	Stella (ALPHA)	0.01 APY
   Bitget	Stella (ALPHA)	0.01 APY
   Bitmart	Stella (ALPHA)	0.01 APY
   Bybit	Stella (ALPHA)	0.01 APY
   CoinEx	Stella (ALPHA)	0.01 APY

   Check out all 21 prices

2. 2. Select a Stella Wallet

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

3. 3. Delegate Your ALPHA in South Korea

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

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.