How to Stake Pyth Network (PYTH)

Introduction

Staking Pyth Network can be an excellent choice for those looking to hold PYTH 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 Pyth Network (PYTH) Tokens

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

   Piattaforma	Criptovaluta	Value
   PrimeXBT	Pyth Network (PYTH)	0,07 APY
   YouHodler	Pyth Network (PYTH)	0,07 APY
   Binance	Pyth Network (PYTH)	0,07 APY
   BTSE	Pyth Network (PYTH)	0,07 APY
   Coinbase	Pyth Network (PYTH)	0,07 APY
   Kraken	Pyth Network (PYTH)	0,07 APY

   Check out all 59 prices

2. 2. Select a Pyth Network Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Bitmart	Pyth Network (PYTH)	Up to 1% APY

3. 3. Delegate Your PYTH

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

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.