How to Stake PayPal USD (PYUSD)

Introduction

Staking PayPal USD can be an excellent choice for those looking to hold PYUSD 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 PayPal USD (PYUSD) Tokens

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

   Piattaforma	Criptovaluta	Value
   YouHodler	PayPal USD (PYUSD)	1 APY
   Coinbase	PayPal USD (PYUSD)	1 APY
   Kraken	PayPal USD (PYUSD)	1 APY
   OKX	PayPal USD (PYUSD)	1 APY
   Uphold	PayPal USD (PYUSD)	1 APY
   BingX	PayPal USD (PYUSD)	1 APY

   Check out all 29 prices

2. 2. Select a PayPal USD Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   YouHodler	PayPal USD (PYUSD)	Up to 12% APY

3. 3. Delegate Your PYUSD

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

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.