How to Stake Dymension (DYM): A Comprehensive Guide for Italian Investors

Introduction

Staking Dymension can be an excellent choice for those looking to hold DYM 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. Acquire Dymension (DYM) Tokens

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

Piattaforma	Criptovaluta	Value
PrimeXBT	Dymension (DYM)	0,12 APY
Binance	Dymension (DYM)	0,12 APY
Kraken	Dymension (DYM)	0,12 APY
BingX	Dymension (DYM)	0,12 APY
Bitfinex	Dymension (DYM)	0,12 APY
Bitget	Dymension (DYM)	0,12 APY

Check out all 36 prices

2. Select a Dymension Wallet

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

Piattaforma	Criptovaluta	Staking rewards
Binance	Dymension (DYM)	Up to 3,88% APY
Bitget	Dymension (DYM)	Up to 13,8% APY
Bitmart	Dymension (DYM)	Up to 1% APY
Bitpanda	Dymension (DYM)	Up to 6% APY
Chainode Tech	Dymension (DYM)	Up to 9,02% APY
Kucoin	Dymension (DYM)	Up to 2,5% APY

Discover all 13 staking rewards available to you

3. Delegate Your DYM
We recommend using a staking pool when staking DYM. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their DYM, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Dymension network. For these validations, you'll receive rewards in DYM.

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.

Recent Developments

Dymension (DYM) is currently priced at US$13.8 with a 24-hour trading volume of US$13.62M. The market cap of Dymension stands at US$264.48M, with 222,09M DYM in circulation. For those looking to buy or trade Dymension, Binance offers avenues to do so securely and efficiently

Market capitalization: US$264.48M
24h volume in the Italian market: US$13.62M
Circulating supply: 222,09M DYM

Check out the latest updates

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