How to Stake Alchemix (ALCX) in Australia

Introduction

Staking Alchemix can be a great option for those who want to hold ALCX while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Alchemix (ALCX) Tokens

   To stake Alchemix, you need to own it. To obtain Alchemix, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Binance	Alchemix (ALCX)	9.5
   Coinbase	Alchemix (ALCX)	9.5
   Kraken	Alchemix (ALCX)	9.5
   OKX	Alchemix (ALCX)	8.54
   Uphold	Alchemix (ALCX)	9.97
   BingX	Alchemix (ALCX)	9.51

   See all 24 prices

2. 2. Choose a Alchemix Wallet

   Once you have ALCX, you'll need to choose a Alchemix wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   FMFW.io	Alchemix (ALCX)	Up to 13% % p.a.

3. 3. Delegate Your ALCX

   We recommend using a staking pool when staking ALCX. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ALCX, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Alchemix network. You'll be rewarded with ALCX for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.