How to Stake Waves (WAVES)

Introduction

Staking Waves can be an excellent choice for those looking to hold WAVES 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 Waves (WAVES) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Waves (WAVES)	1,08 APY
   Azbit	Waves (WAVES)	0,69 APY
   BingX	Waves (WAVES)	0,69 APY
   Bitfinex	Waves (WAVES)	2,33 APY
   Bitget	Waves (WAVES)	0,69 APY
   Bitmart	Waves (WAVES)	0,69 APY

   Check out all 28 prices

2. 2. Select a Waves Wallet

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

3. 3. Delegate Your WAVES

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

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.