Introduction

Staking THORChain can be an excellent choice for those looking to hold RUNE 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 THORChain (RUNE) Tokens

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

   플랫폼	코인	Price
   Nexo	THORChain (RUNE)	0.58 APY
   PrimeXBT	THORChain (RUNE)	0.58 APY
   Binance	THORChain (RUNE)	0.58 APY
   Coinbase	THORChain (RUNE)	5.44 APY
   Kraken	THORChain (RUNE)	0.58 APY
   Uphold	THORChain (RUNE)	1.17 APY

   Check out all 40 prices

2. 2. Select a THORChain Wallet

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

3. 3. Delegate Your RUNE in South Korea

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

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.