How to Stake e-Money (NGM): A Comprehensive Guide for Italian Investors

Introduction

Staking e-Money can be an excellent choice for those looking to hold NGM 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 e-Money (NGM) Tokens
To stake e-Money, you must first acquire it. To obtain e-Money, you'll need to buy it. You can select from these well-known exchanges available in Italy.
2. Select a e-Money Wallet
Once you have NGM, you'll need to select a e-Money wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
Piattaforma Criptovaluta Staking rewards
Stakewolle e-Money (NGM) Up to 29,45% APY
3. Delegate Your NGM
We recommend using a staking pool when staking NGM. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their NGM, 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 e-Money network. For these validations, you'll receive rewards in NGM.

Piattaforma	Criptovaluta	Staking rewards
Stakewolle	e-Money (NGM)	Up to 29,45% APY

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.