How to Stake DeFiChain (DFI)

Introduction

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

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

   Piattaforma	Criptovaluta	Value
   Bake	DeFiChain (DFI)	0,0007803 APY
   Bitget	DeFiChain (DFI)	0,03 APY
   CoinEx	DeFiChain (DFI)	0 APY
   Gate.io	DeFiChain (DFI)	0,000817 APY
   HTX	DeFiChain (DFI)	0 APY
   MEXC Global	DeFiChain (DFI)	0,000857 APY

   Check out all 11 prices

2. 2. Select a DeFiChain Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Bake	DeFiChain (DFI)	Up to 2,33% APY

3. 3. Delegate Your DFI

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

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.