Introduction

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

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

   Piattaforma	Criptovaluta	Value
   Binance	Reef (REEF)	0,000688 APY
   BingX	Reef (REEF)	0,0004311 APY
   Bitget	Reef (REEF)	0 APY
   Bitmart	Reef (REEF)	0,0001476 APY
   Bitpanda	Reef (REEF)	0 APY
   Bybit	Reef (REEF)	0,0004742 APY

   Check out all 22 prices

2. 2. Select a Reef Wallet

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

3. 3. Delegate Your REEF

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

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.