How to Stake PIVX (PIVX)

Introduction

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

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

   Piattaforma	Criptovaluta	Value
   Binance	PIVX (PIVX)	0,13 APY
   Bitmart	PIVX (PIVX)	0,13 APY
   CoinEx	PIVX (PIVX)	0,13 APY
   Gate.io	PIVX (PIVX)	0,16 APY
   LBank	PIVX (PIVX)	0,34 APY
   MEXC Global	PIVX (PIVX)	0,13 APY

   Check out all 12 prices

2. 2. Select a PIVX Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   MyCointainer	PIVX (PIVX)	Up to 6,5% APY

3. 3. Delegate Your PIVX

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

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.