Introduction

Staking Merlin Chain can be an excellent choice for those looking to hold MERL 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 Merlin Chain (MERL) Tokens

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

   Piattaforma	Criptovaluta	Value
   PrimeXBT	Merlin Chain (MERL)	0,31 APY
   BTSE	Merlin Chain (MERL)	0,31 APY
   Kraken	Merlin Chain (MERL)	0,31 APY
   OKX	Merlin Chain (MERL)	0,11 APY
   BingX	Merlin Chain (MERL)	0,31 APY
   Bitget	Merlin Chain (MERL)	0,31 APY

   Check out all 32 prices

2. 2. Select a Merlin Chain Wallet

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

3. 3. Delegate Your MERL

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

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.