How to Stake Victory Impact (VIC)

Introduction

Staking Victory Impact can be an excellent choice for those looking to hold VIC 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 Victory Impact (VIC) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Victory Impact (VIC)	0,09 APY
   BTSE	Victory Impact (VIC)	0,09 APY
   Gate.io	Victory Impact (VIC)	0,09 APY
   Hotcoin	Victory Impact (VIC)	0,25 APY
   HTX	Victory Impact (VIC)	0,03 APY

   Check out all 9 prices

2. 2. Select a Victory Impact Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Victory Impact (VIC)	Up to 5,9% APY

3. 3. Delegate Your VIC

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

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.