Introduction

Staking Steem can be an excellent choice for those looking to hold STEEM 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 Steem (STEEM) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Steem (STEEM)	0.14 APY
   BingX	Steem (STEEM)	0.13 APY
   Bybit	Steem (STEEM)	0.14 APY
   CoinEx	Steem (STEEM)	0.14 APY
   Gate.io	Steem (STEEM)	0.14 APY
   Hotcoin	Steem (STEEM)	0.14 APY

   Check out all 20 prices

2. 2. Select a Steem Wallet

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

3. 3. Delegate Your STEEM

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

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.