How to Stake Akash Network (AKT) for optimal returns

Introduction

Staking Akash Network can be an excellent choice for those looking to hold AKT 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 Akash Network (AKT) Tokens

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

   플랫폼	코인	Price
   Coinbase	Akash Network (AKT)	0.37 APY
   Uphold	Akash Network (AKT)	1.38 APY
   Bake	Akash Network (AKT)	0.37 APY
   BingX	Akash Network (AKT)	0.37 APY
   Bitmart	Akash Network (AKT)	0.37 APY
   Bitpanda	Akash Network (AKT)	4.24 APY

   Check out all 27 prices

2. 2. Select a Akash Network Wallet

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

   플랫폼	코인	Staking 보상
   Bitpanda	Akash Network (AKT)	Up to 10% APY
   Chainode Tech	Akash Network (AKT)	Up to 9.8% APY

   Check out all 9 staking rewards available.

3. 3. Delegate Your AKT in South Korea

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

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.