How to Stake IRISnet (IRIS)

Introduction

Staking IRISnet can be an excellent choice for those looking to hold IRIS 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 IRISnet (IRIS) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	IRISnet (IRIS)	0.01 APY
   Bitpanda	IRISnet (IRIS)	0.01 APY
   CoinEx	IRISnet (IRIS)	0 APY
   Crypto.com	IRISnet (IRIS)	0.01 APY
   Gate.io	IRISnet (IRIS)	0 APY

   Check out all 7 prices

2. 2. Select a IRISnet Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Moonstake	IRISnet (IRIS)	Up to 6.83% APY
   Stakewolle	IRISnet (IRIS)	Up to 9.83% APY
   Stakin	IRISnet (IRIS)	Up to 11.78% APY

   Discover all 6 staking rewards available to you

3. 3. Delegate Your IRIS

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

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.