How to Stake Venus (XVS) for optimal returns

Introduction

Staking Venus can be an excellent choice for those looking to hold XVS while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire Venus (XVS) Tokens

   To stake Venus, you first need to acquire it. To obtain Venus, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   Binance	Venus (XVS)	4.14 APY
   Azbit	Venus (XVS)	4.14 APY
   BingX	Venus (XVS)	4.14 APY
   Bitpanda	Venus (XVS)	9.32 APY
   Bybit	Venus (XVS)	4.12 APY
   CoinEx	Venus (XVS)	4.12 APY

   Check out all 28 prices

2. 2. Select a Venus Wallet

   Once you have XVS, you'll need to select a Venus wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   Binance	Venus (XVS)	Up to 5.12% APY

3. 3. Delegate Your XVS in South Korea

   We recommend using a staking pool when staking XVS. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their XVS, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Venus network. For these validations, you will be rewarded with XVS.

What to Keep in Mind

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.