How to Stake Zilliqa (ZIL) for optimal returns

Introduction

Staking Zilliqa can be an excellent choice for those looking to hold ZIL 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 Zilliqa (ZIL) Tokens

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

   플랫폼	코인	Price
   EarnPark	Zilliqa (ZIL)	0 APY
   YouHodler	Zilliqa (ZIL)	0 APY
   Binance	Zilliqa (ZIL)	0 APY
   OKX	Zilliqa (ZIL)	0.01 APY
   Uphold	Zilliqa (ZIL)	0.01 APY
   Bake	Zilliqa (ZIL)	0 APY

   Check out all 45 prices

2. 2. Select a Zilliqa Wallet

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

   플랫폼	코인	Staking 보상
   Uphold	Zilliqa (ZIL)	Up to 5% APY
   Atomic Wallet	Zilliqa (ZIL)	Up to 15% APY
   Binance	Zilliqa (ZIL)	Up to 5.4% APY

   Check out all 20 staking rewards available.

3. 3. Delegate Your ZIL in South Korea

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

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.