How to Stake Velas (VLX) in India

Introduction

Staking Velas can be an excellent choice for those looking to hold VLX while earning returns 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 specifically for you.

Step-by-Step Guide for Indian Investors

1. 1. Acquire Velas (VLX) Tokens in India

   To stake Velas, you first need to acquire it. To obtain Velas, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   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
   Probit	Velas (VLX)	0

   See all 12 rates

2. 2. Choose a Velas Wallet in India

   Once you have VLX, you'll need to choose a Velas wallet to securely store your tokens. Here are some reliable options available in India.

   Platform	Coin	Staking rewards in India
   MyCointainer	Velas (VLX)	Up to 8.7% APY

3. 3. Delegate Your VLX in India

   We recommend using a staking pool when staking VLX. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their VLX, increasing their chances of validating transactions and earning rewards. You can easily do 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 Velas network. For these validations, you will be rewarded with VLX.

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.