Introduction

Staking Kyber Network Crystal can be an excellent choice for those looking to hold KNC 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 Kyber Network Crystal (KNC) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	Kyber Network Crystal (KNC)	0,24 APY
   Binance	Kyber Network Crystal (KNC)	0,24 APY
   BTSE	Kyber Network Crystal (KNC)	0,24 APY
   Coinbase	Kyber Network Crystal (KNC)	0,24 APY
   Kraken	Kyber Network Crystal (KNC)	0,23 APY
   OKX	Kyber Network Crystal (KNC)	0,39 APY

   Check out all 49 prices

2. 2. Select a Kyber Network Crystal Wallet

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

3. 3. Delegate Your KNC

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

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.