How to Stake Alchemix (ALCX)

Introduction

Staking Alchemix can be an excellent choice for those looking to hold ALCX 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 Alchemix (ALCX) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Alchemix (ALCX)	8,84 APY
   Coinbase	Alchemix (ALCX)	8,85 APY
   Kraken	Alchemix (ALCX)	8,82 APY
   OKX	Alchemix (ALCX)	8,54 APY
   Uphold	Alchemix (ALCX)	9,97 APY
   BingX	Alchemix (ALCX)	8,85 APY

   Check out all 24 prices

2. 2. Select a Alchemix Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   FMFW.io	Alchemix (ALCX)	Up to 13% APY

3. 3. Delegate Your ALCX

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

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.