How to Stake 1inch (1INCH)

Introduction

Staking 1inch can be an excellent choice for those looking to hold 1INCH while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire 1inch (1INCH) Tokens

   To stake 1inch, you must first acquire it. To obtain 1inch, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Nexo	1inch (1INCH)	0,26 APY
   PrimeXBT	1inch (1INCH)	0,26 APY
   YouHodler	1inch (1INCH)	0,26 APY
   Uphold	1inch (1INCH)	0,22 APY
   Kraken	1inch (1INCH)	0,26 APY
   OKX	1inch (1INCH)	0,25 APY

   Check out all 61 prices

2. 2. Select a 1inch Wallet

   Once you have 1INCH, you'll need to select a 1inch wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Binance	1inch (1INCH)	Up to 0,2% APY

3. 3. Delegate Your 1INCH

   We recommend using a staking pool when staking 1INCH. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their 1INCH, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the 1inch network. For these validations, you'll receive rewards in 1INCH.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.