How to Stake Onyxcoin (XCN)

Introduction

Staking Onyxcoin can be an excellent choice for those looking to hold XCN 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 Onyxcoin (XCN) Tokens

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

   Piattaforma	Criptovaluta	Value
   Coinbase	Onyxcoin (XCN)	0,01 APY
   Kraken	Onyxcoin (XCN)	0,01 APY
   Uphold	Onyxcoin (XCN)	0,02 APY
   BingX	Onyxcoin (XCN)	0,01 APY
   Bitget	Onyxcoin (XCN)	0 APY
   Bitmart	Onyxcoin (XCN)	0,01 APY

   Check out all 29 prices

2. 2. Select a Onyxcoin Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   MyCointainer	Onyxcoin (XCN)	Up to 34,85% APY

3. 3. Delegate Your XCN

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

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.