How to Stake ICON (ICX) in Australia

Introduction

Staking ICON can be a great option for those who want to hold ICX 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 ICON (ICX) Tokens

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

   Platform	Coin	Cost
   Binance	ICON (ICX)	0.05
   OKX	ICON (ICX)	0.11
   Uphold	ICON (ICX)	0.11
   BingX	ICON (ICX)	0.05
   Bitget	ICON (ICX)	0.05
   Bitpanda	ICON (ICX)	0.21

   See all 27 prices

2. 2. Choose a ICON Wallet

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

   Platform	Coin	Staking returns
   Binance	ICON (ICX)	Up to 6.82% % p.a.
   Everstake	ICON (ICX)	Up to 9.3% % p.a.

   View all 6 staking rewards

3. 3. Delegate Your ICX

   We recommend using a staking pool when staking ICX. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ICX, 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 ICON network. You'll be rewarded with ICX 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.