How to Stake Venus (XVS)

Introduction

Staking Venus can be an excellent choice for those 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Venus (XVS) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Venus (XVS)	6,19 APY
   Azbit	Venus (XVS)	6,21 APY
   BingX	Venus (XVS)	6,19 APY
   Bitpanda	Venus (XVS)	9,32 APY
   Bybit	Venus (XVS)	6,18 APY
   CoinEx	Venus (XVS)	6,18 APY

   View all 28 prices

2. 2. Select a Venus Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Binance	Venus (XVS)	Up to 11,2 % APY

3. 3. Delegate Your XVS

   We recommend using a staking pool when staking XVS. It's simpler and faster to get started. A staking pool is a collective of validators who pool their XVS, 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 Venus network. For these validations, you will be rewarded with XVS.

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.