How to Stake Covalent X Token (CXT): A Comprehensive Guide for Australians

Introduction

Staking Covalent X Token can be a great option for those who want to hold CXT 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. Obtain Covalent X Token (CXT) Tokens

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

Platform	Coin	Cost
Kraken	Covalent X Token (CXT)	0.01
OKX	Covalent X Token (CXT)	0.03
Uphold	Covalent X Token (CXT)	0.03
BingX	Covalent X Token (CXT)	0.01
Bitmart	Covalent X Token (CXT)	0.01
Bitstamp	Covalent X Token (CXT)	0.01

See all 23 prices

2. Choose a Covalent X Token Wallet
Once you have CXT, you'll need to choose a Covalent X Token wallet to store your tokens. Here are some great options.
3. Delegate Your CXT
We recommend using a staking pool when staking CXT. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CXT, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Covalent X Token network. You'll be rewarded with CXT 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.