How to Stake First Digital USD (FDUSD)

Introduction

Staking First Digital USD can be an excellent choice for those looking to hold FDUSD 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 First Digital USD (FDUSD) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	First Digital USD (FDUSD)	1 APY
   Azbit	First Digital USD (FDUSD)	1 APY
   BingX	First Digital USD (FDUSD)	1 APY
   Bitget	First Digital USD (FDUSD)	1 APY
   Bybit	First Digital USD (FDUSD)	1 APY

   Check out all 19 prices

2. 2. Select a First Digital USD Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Binance	First Digital USD (FDUSD)	Up to 16,2% APY

3. 3. Delegate Your FDUSD

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

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.