Introduction

Staking Neon can be an excellent choice for those looking to hold NEON 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 Neon (NEON) Tokens

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

   Piattaforma	Criptovaluta	Value
   Coinbase	Neon (NEON)	0,06 APY
   BingX	Neon (NEON)	0,06 APY
   Bitmart	Neon (NEON)	0,06 APY
   CoinEx	Neon (NEON)	0,06 APY
   CoinList	Neon (NEON)	0,14 APY
   Crypto.com	Neon (NEON)	0,06 APY

   Check out all 22 prices

2. 2. Select a Neon Wallet

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

3. 3. Delegate Your NEON

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

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.