How to Stake Flare (FLR)

Introduction

Staking Flare can be an excellent choice for those looking to hold FLR 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 Flare (FLR) Tokens

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

   Piattaforma	Criptovaluta	Value
   YouHodler	Flare (FLR)	0,01 APY
   Coinbase	Flare (FLR)	0,01 APY
   Kraken	Flare (FLR)	0,01 APY
   OKX	Flare (FLR)	0,02 APY
   Uphold	Flare (FLR)	0,02 APY
   BingX	Flare (FLR)	0,01 APY

   Check out all 42 prices

2. 2. Select a Flare Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Uphold	Flare (FLR)	Up to 5,07% APY
   CEX.io	Flare (FLR)	Up to 5% APY

   Discover all 4 staking rewards available to you

3. 3. Delegate Your FLR

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

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.