Introduction

Staking Onomy Protocol 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 Onomy Protocol (NOM) Tokens

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

   Piattaforma	Criptovaluta	Value
   BingX	Onomy Protocol (NOM)	0,03 APY
   Kucoin	Onomy Protocol (NOM)	0,01 APY

2. 2. Select a Onomy Protocol Wallet

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

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 Onomy Protocol 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.