Introduction

Staking THORChain can be an excellent choice for those looking to hold RUNE 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 THORChain (RUNE) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	THORChain (RUNE)	0,57 APY
   PrimeXBT	THORChain (RUNE)	0,57 APY
   Binance	THORChain (RUNE)	0,57 APY
   Coinbase	THORChain (RUNE)	5,44 APY
   Kraken	THORChain (RUNE)	0,57 APY
   Uphold	THORChain (RUNE)	1,17 APY

   Check out all 40 prices

2. 2. Select a THORChain Wallet

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

3. 3. Delegate Your RUNE

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

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.