How to Stake Stox (STX)

Introduction

Staking Stox can be an excellent choice for those looking to hold STX 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 Stox (STX) Tokens

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

   Piattaforma	Criptovaluta	Value
   Kraken	Stox (STX)	0,65 APY
   OKX	Stox (STX)	0,65 APY
   Binance	Stox (STX)	0,65 APY
   Coinbase	Stox (STX)	0,65 APY
   Bake	Stox (STX)	0,65 APY
   Bitfinex	Stox (STX)	0,65 APY

   Check out all 31 prices

2. 2. Select a Stox Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Stox (STX)	Up to 5% APY
   Kucoin	Stox (STX)	Up to 4% APY

   Discover all 4 staking rewards available to you

3. 3. Delegate Your STX

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

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.