How to Stake WAX (WAXP): A Comprehensive Guide for Italian Investors

Introduction

Staking WAX can be an excellent choice for those looking to hold WAXP 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. Acquire WAX (WAXP) Tokens
To stake WAX, you must first acquire it. To obtain WAX, you'll need to buy it. You can select from these well-known exchanges available in Italy.
Piattaforma Criptovaluta Value
Binance WAX (WAXP) 0,01 APY
OKX WAX (WAXP) 0,02 APY
BingX WAX (WAXP) 0,01 APY
Bitget WAX (WAXP) 0,01 APY
Bitmart WAX (WAXP) 0,02 APY
Bitpanda WAX (WAXP) 0,05 APY
Check out all 29 prices
2. Select a WAX Wallet
Once you have WAXP, you'll need to select a WAX wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
Piattaforma Criptovaluta Staking rewards
Kucoin WAX (WAXP) Up to 4% APY
3. Delegate Your WAXP
We recommend using a staking pool when staking WAXP. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their WAXP, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 WAX network. For these validations, you'll receive rewards in WAXP.

Piattaforma	Criptovaluta	Value
Binance	WAX (WAXP)	0,01 APY
OKX	WAX (WAXP)	0,02 APY
BingX	WAX (WAXP)	0,01 APY
Bitget	WAX (WAXP)	0,01 APY
Bitmart	WAX (WAXP)	0,02 APY
Bitpanda	WAX (WAXP)	0,05 APY

Piattaforma	Criptovaluta	Staking rewards
Kucoin	WAX (WAXP)	Up to 4% APY

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.