How to Stake aelf (ELF)

Introduction

Staking aelf can be an excellent choice for those looking to hold ELF 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 aelf (ELF) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	aelf (ELF)	0,23 APY
   OKX	aelf (ELF)	0,25 APY
   Uphold	aelf (ELF)	0,22 APY
   Bake	aelf (ELF)	0,08 APY
   BingX	aelf (ELF)	0,2 APY
   Bitget	aelf (ELF)	0,11 APY

   Check out all 25 prices

2. 2. Select a aelf Wallet

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

3. 3. Delegate Your ELF

   We recommend using a staking pool when staking ELF. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their ELF, 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 aelf network. For these validations, you'll receive rewards in ELF.

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.