How to Stake SKALE (SKL)

Introduction

Staking SKALE can be an excellent choice for those looking to hold SKL 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 SKALE (SKL) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	SKALE (SKL)	0,01 APY
   BTSE	SKALE (SKL)	0,01 APY
   Coinbase	SKALE (SKL)	0,01 APY
   OKX	SKALE (SKL)	0,03 APY
   Uphold	SKALE (SKL)	0,02 APY
   Azbit	SKALE (SKL)	0,01 APY

   Check out all 50 prices

2. 2. Select a SKALE Wallet

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

3. 3. Delegate Your SKL

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

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.