How to Stake Razor Network (RAZOR)

Introduction

Staking Razor Network can be an excellent choice for those looking to hold RAZOR 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 Razor Network (RAZOR) Tokens

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

   Piattaforma	Criptovaluta	Value
   Gate.io	Razor Network (RAZOR)	0,000821 APY
   MEXC Global	Razor Network (RAZOR)	0,0007749 APY

   Check out all 4 prices

2. 2. Select a Razor Network Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Stakin	Razor Network (RAZOR)	Up to 10,79% APY

3. 3. Delegate Your RAZOR

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

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.