How to Stake Secret (SCRT)

Introduction

Staking Secret can be an excellent choice for those looking to hold SCRT 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 Secret (SCRT) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Secret (SCRT)	0,11 APY
   Kraken	Secret (SCRT)	0,11 APY
   BingX	Secret (SCRT)	0,43 APY
   Bitmart	Secret (SCRT)	0,18 APY
   Bitpanda	Secret (SCRT)	0,68 APY
   Bybit	Secret (SCRT)	0,11 APY

   Check out all 24 prices

2. 2. Select a Secret Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Bitpanda	Secret (SCRT)	Up to 10% APY
   MyCointainer	Secret (SCRT)	Up to 23,1% APY
   Stakely.io	Secret (SCRT)	Up to 20,21% APY

   Discover all 9 staking rewards available to you

3. 3. Delegate Your SCRT

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

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.