How to Stake Shentu (CTK)

Introduction

Staking Shentu can be an excellent choice for those looking to hold CTK 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 Shentu (CTK) Tokens

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

   Piattaforma	Criptovaluta	Value
   Azbit	Shentu (CTK)	0,27 APY
   BingX	Shentu (CTK)	0,27 APY
   Bitmart	Shentu (CTK)	0,36 APY
   Bitpanda	Shentu (CTK)	0,89 APY
   Bybit	Shentu (CTK)	0,27 APY
   CoinEx	Shentu (CTK)	0,27 APY

   Check out all 11 prices

2. 2. Select a Shentu Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Chainode Tech	Shentu (CTK)	Up to 24,8% APY
   MyCointainer	Shentu (CTK)	Up to 31,2% APY
   Stakely.io	Shentu (CTK)	Up to 32,91% APY
   Stakewolle	Shentu (CTK)	Up to 31,25% APY

   Discover all 9 staking rewards available to you

3. 3. Delegate Your CTK

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

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.