Where and How to Stake GMX (GMX)

Introduction

Staking GMX can be a great option for those who want to hold GMX but earn yield in a safe way while contributing to the network. The steps can be a bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Acquire GMX (GMX) Tokens

   To stake GMX, you need to own it. To get GMX, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Price
   Nexo	GMX (GMX)	13.96
   Uphold	GMX (GMX)	16.06
   OKX	GMX (GMX)	14
   Binance	GMX (GMX)	13.96
   MEXC Global	GMX (GMX)	13.95
   Bitget	GMX (GMX)	13.95

   See all 35 prices

2. 2. Choose a GMX Wallet

   Once you have GMX, you’ll need to choose a GMX wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Binance	GMX (GMX)	Up to 5.9% APY

3. 3. Delegate Your GMX

   We recommend using a staking pool when staking GMX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their GMX, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   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 GMX network. You’ll be rewarded with GMX for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.