Earn up to
6.82% APY in the UAE.
An in-depth guide on how to stake ICON (ICX) in the UAE
We have extensive information on staking ICON (ICX), and we are pleased to share some of these insights with you.
We present you with various staking options featuring different cryptocurrencies that may pique your interest.
ICON (ICX) is currently priced at $9.3 with a 24-hour trading volume of $10.75M. The market cap of ICON stands at $202.88M, with 1.04B ICX in circulation. For those looking to buy or trade ICON, Binance offers avenues to do so securely and efficiently
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.
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) | 0.06 |
| OKX | ICON (ICX) | 0.11 |
| Uphold | ICON (ICX) | 0.11 |
| BingX | ICON (ICX) | 0.06 |
| Bitget | ICON (ICX) | 0.06 |
| Bitpanda | ICON (ICX) | 0.21 |
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 |
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.
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.
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.
ICX
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
