How to Stake TerraClassicUSD (USTC): A Step-by-Step Guide for Korean Investors

Introduction

Staking TerraClassicUSD can be an excellent choice for those looking to hold USTC 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. Acquire TerraClassicUSD (USTC) Tokens

To stake TerraClassicUSD, you first need to acquire it. To obtain TerraClassicUSD, 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	TerraClassicUSD (USTC)	0.01 APY
OKX	TerraClassicUSD (USTC)	0.01 APY
BingX	TerraClassicUSD (USTC)	0.01 APY
Bitget	TerraClassicUSD (USTC)	0.01 APY
Bybit	TerraClassicUSD (USTC)	0.01 APY
Gate.io	TerraClassicUSD (USTC)	0.01 APY

Check out all 17 prices

2. Select a TerraClassicUSD Wallet
Once you have USTC, you'll need to select a TerraClassicUSD wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.
3. Delegate Your USTC in South Korea
We recommend using a staking pool when staking USTC. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their USTC, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.
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 TerraClassicUSD network. For these validations, you will be rewarded with USTC.

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.