How to Stake XPLA (XPLA)

Introduction

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

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

   Piattaforma	Criptovaluta	Value
   Bitget	XPLA (XPLA)	0,04 APY
   CoinEx	XPLA (XPLA)	0,02 APY
   Crypto.com	XPLA (XPLA)	0,02 APY
   Gate.io	XPLA (XPLA)	0,02 APY
   HTX	XPLA (XPLA)	0,04 APY
   MEXC Global	XPLA (XPLA)	0,04 APY

   Check out all 12 prices

2. 2. Select a XPLA Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Everstake	XPLA (XPLA)	Up to 10,79% APY

3. 3. Delegate Your XPLA

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

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.