How to Stake Venus (XVS)

Introduction

Staking Venus can be an excellent choice for those looking to hold XVS 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 Venus (XVS) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Venus (XVS)	5.87 APY
   Azbit	Venus (XVS)	5.88 APY
   BingX	Venus (XVS)	5.87 APY
   Bitpanda	Venus (XVS)	9.32 APY
   Bybit	Venus (XVS)	5.87 APY
   CoinEx	Venus (XVS)	5.85 APY

   Check out all 28 prices

2. 2. Select a Venus Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Venus (XVS)	Up to 4.9% APY

3. 3. Delegate Your XVS

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

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.