How to Stake Velas (VLX) in Vietnam

Introduction

Staking Velas is an excellent choice for those looking to hold VLX while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.

Comprehensive Guide

1. 1. Acquire Velas (VLX) Tokens

   To stake Velas, you first need to acquire it. You can purchase Velas from various popular exchanges.

   Platform	Coin	Cost
   BingX	Velas (VLX)	0
   CoinEx	Velas (VLX)	0
   FMFW.io	Velas (VLX)	0
   Gate.io	Velas (VLX)	0
   HTX	Velas (VLX)	0
   MEXC Global	Velas (VLX)	6.39

   View all 13 prices

2. 2. Select a Velas Wallet

   Once you have VLX, you'll need to select a Velas wallet to keep your tokens safe. Here are some great options.

   Platform	Coin	Staking benefits
   MyCointainer	Velas (VLX)	Earn up to 8.7% APY

3. 3. Delegate Your VLX

   We suggest using a staking pool for staking VLX. It's easier and quicker to start. A staking pool consists of validators who pool their VLX, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 4. Begin Validation

   You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Velas network. You will be rewarded with VLX for these validations.

Key Considerations

Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.