How to Stake ICON (ICX): A Step-by-Step Guide for UAE Investors

Introduction

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

Step-by-Step Guide for UAE Residents

1. Acquire ICON (ICX) Tokens
To stake ICON, you first need to acquire it. To obtain ICON, you will need to purchase it from one of the popular exchanges available in the UAE.
Platform Cryptocurrency Price
Binance ICON (ICX) 0.05
OKX ICON (ICX) 0.11
Uphold ICON (ICX) 0.11
BingX ICON (ICX) 0.05
Bitget ICON (ICX) 0.05
Bitpanda ICON (ICX) 0.21
View all 27 prices
2. Select a ICON Wallet
Once you have ICX, you'll need to select a ICON wallet to securely store your tokens. Here are some excellent options available in the UAE market.
Platform Cryptocurrency Staking rewards in the UAE
Binance ICON (ICX) Up to 6.82% APY
Everstake ICON (ICX) Up to 9.3% APY
Explore all 6 staking rewards available in the UAE market.
3. Delegate Your ICX in the UAE
We recommend utilizing a staking pool when staking ICX. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their ICX, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Begin Verification
You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the ICON network. For these validations, you will be rewarded with ICX.

Platform	Cryptocurrency	Price
Binance	ICON (ICX)	0.05
OKX	ICON (ICX)	0.11
Uphold	ICON (ICX)	0.11
BingX	ICON (ICX)	0.05
Bitget	ICON (ICX)	0.05
Bitpanda	ICON (ICX)	0.21

Platform	Cryptocurrency	Staking rewards in the UAE
Binance	ICON (ICX)	Up to 6.82% APY
Everstake	ICON (ICX)	Up to 9.3% APY

What to Consider in the UAE Market

In the UAE, it's important to factor in transaction and staking pool fees when engaging in cryptocurrency activities. Additionally, you may experience a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.