How to Stake Okcash (OK)

Introduction

Staking Okcash can be an excellent choice for those looking to hold OK 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 Okcash (OK) Tokens

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

2. 2. Select a Okcash Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   MyCointainer	Okcash (OK)	Up to 2,8% APY

3. 3. Delegate Your OK

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

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.