How to Stake Velas (VLX)

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. 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
   Probit	Velas (VLX)	0 APY

   Check out all 12 prices

2. 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. 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. 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.

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.