How to Stake Wanchain (WAN) for optimal returns

Introduction

Staking Wanchain can be an excellent choice for those looking to hold WAN 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 Wanchain (WAN) Tokens

   To stake Wanchain, you first need to acquire it. To obtain Wanchain, 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	Wanchain (WAN)	0.11 APY
   Bitpanda	Wanchain (WAN)	0.22 APY
   CoinEx	Wanchain (WAN)	0.11 APY
   HTX	Wanchain (WAN)	0.11 APY
   Kucoin	Wanchain (WAN)	0.11 APY

   Check out all 9 prices

2. 2. Select a Wanchain Wallet

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

   플랫폼	코인	Staking 보상
   Kucoin	Wanchain (WAN)	Up to 2.3% APY
   MyCointainer	Wanchain (WAN)	Up to 7.1% APY

3. 3. Delegate Your WAN in South Korea

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

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.