How to Stake Nomad (NOM)

Introduction

Staking Nomad can be an excellent choice for those looking to hold NOM 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 Nomad (NOM) Tokens

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

   Piattaforma	Criptovaluta	Value
   CoinEx	Nomad (NOM)	0,01 APY
   Gate.io	Nomad (NOM)	0,01 APY
   Hotcoin	Nomad (NOM)	0,01 APY
   MEXC Global	Nomad (NOM)	0,01 APY

   Check out all 7 prices

2. 2. Select a Nomad Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Stakewolle	Nomad (NOM)	Up to 200% APY

3. 3. Delegate Your NOM

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

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.