Introduction

Staking Ethereum Classic can be an excellent choice for those looking to hold ETC 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 Ethereum Classic (ETC) Tokens

   To stake Ethereum Classic, you first need to acquire it. To obtain Ethereum Classic, 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	Ethereum Classic (ETC)	21.13 APY
   PrimeXBT	Ethereum Classic (ETC)	14.86 APY
   Binance	Ethereum Classic (ETC)	14.87 APY
   Coinbase	Ethereum Classic (ETC)	14.88 APY
   Kraken	Ethereum Classic (ETC)	14.87 APY
   OKX	Ethereum Classic (ETC)	20.9 APY

   Check out all 54 prices

2. 2. Select a Ethereum Classic Wallet

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

3. 3. Delegate Your ETC in South Korea

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

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.