How to Stake Raydium (RAY): A Comprehensive Guide for Italian Investors

Introduction

Staking Raydium can be an excellent choice for those looking to hold RAY 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. Acquire Raydium (RAY) Tokens
To stake Raydium, you must first acquire it. To obtain Raydium, you'll need to buy it. You can select from these well-known exchanges available in Italy.
Piattaforma Criptovaluta Value
YouHodler Raydium (RAY) 0,91 APY
Binance Raydium (RAY) 0,91 APY
Kraken Raydium (RAY) 0,91 APY
OKX Raydium (RAY) 0,9 APY
Uphold Raydium (RAY) 2,39 APY
Azbit Raydium (RAY) 0,91 APY
Check out all 46 prices
2. Select a Raydium Wallet
Once you have RAY, you'll need to select a Raydium wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
Piattaforma Criptovaluta Staking rewards
YouHodler Raydium (RAY) Up to 15% APY
Binance Raydium (RAY) Up to 5,23% APY
Discover all 4 staking rewards available to you
3. Delegate Your RAY
We recommend using a staking pool when staking RAY. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their RAY, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Raydium network. For these validations, you'll receive rewards in RAY.

Piattaforma	Criptovaluta	Value
YouHodler	Raydium (RAY)	0,91 APY
Binance	Raydium (RAY)	0,91 APY
Kraken	Raydium (RAY)	0,91 APY
OKX	Raydium (RAY)	0,9 APY
Uphold	Raydium (RAY)	2,39 APY
Azbit	Raydium (RAY)	0,91 APY

Piattaforma	Criptovaluta	Staking rewards
YouHodler	Raydium (RAY)	Up to 15% APY
Binance	Raydium (RAY)	Up to 5,23% APY

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.