Introduction
Staking Symbol can be an excellent choice for those looking to hold XYM 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. Acquire Symbol (XYM) Tokens
To stake Symbol, you must first acquire it. To obtain Symbol, you'll need to buy it. You can select from these well-known exchanges available in Italy.
Check out all 15 pricesPiattaforma Criptovaluta Value BingX Symbol (XYM) 0.01 APY Bitpanda Symbol (XYM) 0.03 APY CoinEx Symbol (XYM) 0.01 APY FMFW.io Symbol (XYM) 0.01 APY Gate.io Symbol (XYM) 0.01 APY Kucoin Symbol (XYM) 0.01 APY 2. Select a Symbol Wallet
Once you have XYM, you'll need to select a Symbol wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
Piattaforma Criptovaluta Staking rewards Kucoin Symbol (XYM) Up to 3.8% APY 3. Delegate Your XYM
We recommend using a staking pool when staking XYM. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their XYM, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Symbol network. For these validations, you'll receive rewards in XYM.
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.
Recent Developments
Symbol (XYM) is currently priced at $3.8 with a 24-hour trading volume of $440,469. For those looking to buy or trade Symbol, Kucoin offers avenues to do so securely and efficiently
- 24h volume in the Italian market
- $440,469