How to Stake Stox (STX) for optimal returns

Introduction

Staking Stox can be an excellent choice for those looking to hold STX 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 Stox (STX) Tokens

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

   플랫폼	코인	Price
   YouHodler	Stox (STX)	0.72 APY
   Binance	Stox (STX)	0.72 APY
   Coinbase	Stox (STX)	0.72 APY
   Kraken	Stox (STX)	0.72 APY
   OKX	Stox (STX)	0.73 APY
   Bake	Stox (STX)	0.72 APY

   Check out all 31 prices

2. 2. Select a Stox Wallet

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

   플랫폼	코인	Staking 보상
   Binance	Stox (STX)	Up to 5% APY
   Kucoin	Stox (STX)	Up to 4% APY

   Check out all 4 staking rewards available.

3. 3. Delegate Your STX in South Korea

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

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.