How to Stake Gains Network (GNS)

Introduction

Staking Gains Network can be an excellent choice for those looking to hold GNS 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 Gains Network (GNS) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Gains Network (GNS)	1,27 APY
   Uphold	Gains Network (GNS)	1,19 APY
   Azbit	Gains Network (GNS)	0 APY
   BingX	Gains Network (GNS)	1,27 APY
   Bitget	Gains Network (GNS)	1,27 APY
   Bitmart	Gains Network (GNS)	1,27 APY

   Check out all 27 prices

2. 2. Select a Gains Network Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Gains Network (GNS)	Up to 0,5% APY

3. 3. Delegate Your GNS

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

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.