How to Stake Akash Network (AKT)

Introduction

Staking Akash Network can be an excellent choice for those looking to hold AKT 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 Akash Network (AKT) Tokens

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

   Piattaforma	Criptovaluta	Value
   Coinbase	Akash Network (AKT)	0,37 APY
   Uphold	Akash Network (AKT)	1,38 APY
   Bake	Akash Network (AKT)	0,37 APY
   BingX	Akash Network (AKT)	0,37 APY
   Bitmart	Akash Network (AKT)	0,37 APY
   Bitpanda	Akash Network (AKT)	4,24 APY

   Check out all 27 prices

2. 2. Select a Akash Network Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Bitpanda	Akash Network (AKT)	Up to 10% APY
   Chainode Tech	Akash Network (AKT)	Up to 9,8% APY

   Discover all 9 staking rewards available to you

3. 3. Delegate Your AKT

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

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.