How to Stake Raydium (RAY)

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. 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)	1,2 APY
   Binance	Raydium (RAY)	1,2 APY
   Kraken	Raydium (RAY)	1,19 APY
   OKX	Raydium (RAY)	1,15 APY
   Uphold	Raydium (RAY)	2,39 APY
   Azbit	Raydium (RAY)	1,2 APY

   Check out all 46 prices

2. 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 5,3% APY

   Discover all 4 staking rewards available to you

3. 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. 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.

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.