How to Stake WAX (WAXP)

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. 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. 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. 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. 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.

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.