Introduction

Staking Covalent X Token can be an excellent choice for those looking to hold CXT 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 Covalent X Token (CXT) Tokens

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

   Piattaforma	Criptovaluta	Value
   Kraken	Covalent X Token (CXT)	0,01 APY
   OKX	Covalent X Token (CXT)	0,03 APY
   Uphold	Covalent X Token (CXT)	0,03 APY
   BingX	Covalent X Token (CXT)	0,01 APY
   Bitmart	Covalent X Token (CXT)	0,01 APY
   Bitstamp	Covalent X Token (CXT)	0,01 APY

   Check out all 23 prices

2. 2. Select a Covalent X Token Wallet

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

3. 3. Delegate Your CXT

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

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.