How to Stake IoTeX (IOTX): A Step-by-Step Guide for UAE Investors

Introduction

Staking IoTeX can be an excellent choice for individuals in the UAE looking to hold IOTX 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 IoTeX (IOTX) Tokens
To stake IoTeX, you first need to acquire it. To obtain IoTeX, you will need to purchase it from one of the popular exchanges available in the UAE.
Platform Cryptocurrency Price
Binance IoTeX (IOTX) 0.01
BTSE IoTeX (IOTX) 0.01
Coinbase IoTeX (IOTX) 0.02
BingX IoTeX (IOTX) 0.01
Bitget IoTeX (IOTX) 0.01
Bitmart IoTeX (IOTX) 0.02
View all 35 prices
2. Select a IoTeX Wallet
Once you have IOTX, you'll need to select a IoTeX wallet to securely store your tokens. Here are some excellent options available in the UAE market.
Platform Cryptocurrency Staking rewards in the UAE
Binance IoTeX (IOTX) Up to 4.05% APY
Bitget IoTeX (IOTX) Up to 12% APY
Explore all 5 staking rewards available in the UAE market.
3. Delegate Your IOTX in the UAE
We recommend utilizing a staking pool when staking IOTX. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their IOTX, 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 IoTeX network. For these validations, you will be rewarded with IOTX.

Platform	Cryptocurrency	Price
Binance	IoTeX (IOTX)	0.01
BTSE	IoTeX (IOTX)	0.01
Coinbase	IoTeX (IOTX)	0.02
BingX	IoTeX (IOTX)	0.01
Bitget	IoTeX (IOTX)	0.01
Bitmart	IoTeX (IOTX)	0.02

Platform	Cryptocurrency	Staking rewards in the UAE
Binance	IoTeX (IOTX)	Up to 4.05% APY
Bitget	IoTeX (IOTX)	Up to 12% 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.

Recent Developments

IoTeX (IOTX) is currently priced at $6.17 with a 24-hour trading volume of $16.14M. The market cap of IoTeX stands at $352.14M, with 9.44B IOTX in circulation. For those looking to buy or trade IoTeX, Binance offers avenues to do so securely and efficiently

Market capitalization: $352.14M
24-hour trading volume: $16.14M
Circulating supply: 9.44B IOTX

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