How to Stake Stellar (XLM)

Introduction

Staking Stellar can be an excellent choice for those looking to hold XLM 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 Stellar (XLM) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	Stellar (XLM)	0,21 APY
   PrimeXBT	Stellar (XLM)	0,21 APY
   EarnPark	Stellar (XLM)	0,21 APY
   YouHodler	Stellar (XLM)	0,21 APY
   Binance	Stellar (XLM)	0,21 APY
   Coinbase	Stellar (XLM)	0,21 APY

   Check out all 70 prices

2. 2. Select a Stellar Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   YouHodler	Stellar (XLM)	Up to 9% APY

3. 3. Delegate Your XLM

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

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.