How to Stake goETH (GOETH)

Introduction

Staking goETH can be an excellent choice for those looking to hold GOETH 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 goETH (GOETH) Tokens

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

2. 2. Select a goETH Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Exodus	goETH (GOETH)	Up to 4,17% APY

3. 3. Delegate Your GOETH

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

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.