Introduction

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

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

   Piattaforma	Criptovaluta	Value
   BTSE	BVM (BVM)	0,05 APY
   Gate.io	BVM (BVM)	0,03 APY

   Check out all 4 prices

2. 2. Select a BVM Wallet

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

3. 3. Delegate Your BVM

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

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.