How to Stake Filecoin (FIL)

Introduction

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

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

   Piattaforma	Criptovaluta	Value
   PrimeXBT	Filecoin (FIL)	1,46 APY
   YouHodler	Filecoin (FIL)	1,46 APY
   Binance	Filecoin (FIL)	1,46 APY
   BTSE	Filecoin (FIL)	1,47 APY
   OKX	Filecoin (FIL)	1,46 APY
   Uphold	Filecoin (FIL)	2,66 APY

   Check out all 46 prices

2. 2. Select a Filecoin Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   YouHodler	Filecoin (FIL)	Up to 7% APY
   Binance	Filecoin (FIL)	Up to 2,5% APY
   Bitmart	Filecoin (FIL)	Up to 0,6% APY

   Discover all 6 staking rewards available to you

3. 3. Delegate Your FIL

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

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.