How to Stake Velas (VLX)

Introduction

Staking Velas can be an excellent choice for those looking to hold VLX 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Velas (VLX) Tokens

   To stake Velas, you first need to acquire it. To obtain Velas, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   BingX	Velas (VLX)	0 APY
   CoinEx	Velas (VLX)	0 APY
   FMFW.io	Velas (VLX)	0 APY
   Gate.io	Velas (VLX)	0 APY
   HTX	Velas (VLX)	0 APY
   Probit	Velas (VLX)	0 APY

   View all 12 prices

2. 2. Select a Velas Wallet

   Once you have VLX, you'll need to select a Velas wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	Velas (VLX)	Up to 8,7 % APY

3. 3. Delegate Your VLX

   We recommend using a staking pool when staking VLX. It's simpler and faster to get started. A staking pool is a collective of validators who pool their VLX, which increases their chances of validating transactions and earning rewards. You can 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 Velas network. For these validations, you will be rewarded with VLX.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.