How to Stake Mina Protocol (MINA)

Introduction

Staking Mina Protocol can be an excellent choice for those looking to hold MINA 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 Mina Protocol (MINA) Tokens

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

   Piattaforma	Criptovaluta	Value
   PrimeXBT	Mina Protocol (MINA)	0,07 APY
   Binance	Mina Protocol (MINA)	0,07 APY
   Coinbase	Mina Protocol (MINA)	0,11 APY
   Kraken	Mina Protocol (MINA)	0,07 APY
   OKX	Mina Protocol (MINA)	0,21 APY
   Uphold	Mina Protocol (MINA)	0,22 APY

   Check out all 42 prices

2. 2. Select a Mina Protocol Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Mina Protocol (MINA)	Up to 5,5% APY
   Bitget	Mina Protocol (MINA)	Up to 13% APY
   Bitpanda	Mina Protocol (MINA)	Up to 6% APY
   Everstake	Mina Protocol (MINA)	Up to 7,94% APY

   Discover all 11 staking rewards available to you

3. 3. Delegate Your MINA

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

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.