How to Stake Venus (XVS) for better returns

Introduction

Staking Venus can be an excellent choice for individuals looking to hold XVS while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Venus (XVS) Tokens

   To stake Venus, you first need to acquire it. To obtain Venus, you can purchase it from these well-known exchanges.

   平台	Coin	Price
   Binance	Venus (XVS)	6.21 APY
   Azbit	Venus (XVS)	6.21 APY
   BingX	Venus (XVS)	6.21 APY
   Bitpanda	Venus (XVS)	9.32 APY
   Bybit	Venus (XVS)	6.21 APY
   CoinEx	Venus (XVS)	6.19 APY

   View all 28 prices

2. 2. Select a Venus Wallet for Your Needs

   Once you have XVS, you'll need to select a Venus wallet to securely store your tokens. Here are some excellent options to consider.

   平台	Coin	Staking returns
   Binance	Venus (XVS)	Up to 11.2% APY

3. 3. Delegate Your XVS for Enhanced Returns

   We recommend utilizing a staking pool when staking XVS. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their XVS, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Venus network. For these validations, you will be rewarded with XVS.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.