How to Stake Wanchain (WAN)

Introduction

Staking Wanchain can be an excellent choice for those looking to hold WAN 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 Wanchain (WAN) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Wanchain (WAN)	0,09 APY
   Bitpanda	Wanchain (WAN)	0,22 APY
   CoinEx	Wanchain (WAN)	0,09 APY
   HTX	Wanchain (WAN)	0,09 APY
   Kucoin	Wanchain (WAN)	0,1 APY

   Check out all 9 prices

2. 2. Select a Wanchain Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Kucoin	Wanchain (WAN)	Up to 2,3% APY
   MyCointainer	Wanchain (WAN)	Up to 7,1% APY

3. 3. Delegate Your WAN

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

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.