Introduction

Staking PAX Gold can be an excellent choice for those looking to hold PAXG 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 PAX Gold (PAXG) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	PAX Gold (PAXG)	3,362.6 APY
   YouHodler	PAX Gold (PAXG)	3,362.63 APY
   Binance	PAX Gold (PAXG)	3,362.63 APY
   Coinbase	PAX Gold (PAXG)	3,365.35 APY
   Kraken	PAX Gold (PAXG)	3,363.59 APY
   Luno	PAX Gold (PAXG)	3,351 APY

   Check out all 44 prices

2. 2. Select a PAX Gold Wallet

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

3. 3. Delegate Your PAXG

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

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.