How to Stake Velas (VLX): A Step-by-Step Guide for German Investors

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. 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
MEXC Global Velas (VLX) 6,23 APY
View all 13 prices
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. 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. 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.

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
MEXC Global	Velas (VLX)	6,23 APY

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

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.