How to Stake Velas (VLX): A Comprehensive Guide for Italian Investors

Introduction

Staking Velas can be an excellent choice for those looking to hold VLX 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 Velas (VLX) Tokens
To stake Velas, you must first acquire it. To obtain Velas, you'll need to buy it. You can select from these well-known exchanges available in Italy.
Piattaforma Criptovaluta Value
BingX Velas (VLX) 0 APY
CoinEx Velas (VLX) 0 APY
FMFW.io Velas (VLX) 0 APY
Gate.io Velas (VLX) 0 APY
HTX Velas (VLX) 0 APY
MEXC Global Velas (VLX) 6,23 APY
Check out all 13 prices
2. Select a Velas Wallet
Once you have VLX, you'll need to select a Velas wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
Piattaforma Criptovaluta Staking rewards
MyCointainer Velas (VLX) Up to 8,7% APY
3. Delegate Your VLX
We recommend using a staking pool when staking VLX. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their VLX, 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 Velas network. For these validations, you'll receive rewards in VLX.

Piattaforma	Criptovaluta	Value
BingX	Velas (VLX)	0 APY
CoinEx	Velas (VLX)	0 APY
FMFW.io	Velas (VLX)	0 APY
Gate.io	Velas (VLX)	0 APY
HTX	Velas (VLX)	0 APY
MEXC Global	Velas (VLX)	6,23 APY

Piattaforma	Criptovaluta	Staking rewards
MyCointainer	Velas (VLX)	Up to 8,7% APY

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.