How to Stake IoTeX (IOTX): A Comprehensive Guide for Australians

Introduction

Staking IoTeX can be a great option for those who want to hold IOTX 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 IoTeX (IOTX) Tokens
To stake IoTeX, you need to own it. To obtain IoTeX, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
Binance IoTeX (IOTX) 0.01
BTSE IoTeX (IOTX) 0.01
Coinbase IoTeX (IOTX) 0.01
BingX IoTeX (IOTX) 0.01
Bitget IoTeX (IOTX) 0.01
Bitmart IoTeX (IOTX) 0.01
See all 35 prices
2. Choose a IoTeX Wallet
Once you have IOTX, you'll need to choose a IoTeX wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Binance IoTeX (IOTX) Up to 4% % p.a.
Bitget IoTeX (IOTX) Up to 12% % p.a.
View all 5 staking rewards
3. Delegate Your IOTX
We recommend using a staking pool when staking IOTX. It's simpler and quicker to get started. A staking pool is a group of validators who combine their IOTX, 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 IoTeX network. You'll be rewarded with IOTX for these validations.

Platform	Coin	Cost
Binance	IoTeX (IOTX)	0.01
BTSE	IoTeX (IOTX)	0.01
Coinbase	IoTeX (IOTX)	0.01
BingX	IoTeX (IOTX)	0.01
Bitget	IoTeX (IOTX)	0.01
Bitmart	IoTeX (IOTX)	0.01

Platform	Coin	Staking returns
Binance	IoTeX (IOTX)	Up to 4% % p.a.
Bitget	IoTeX (IOTX)	Up to 12% % p.a.

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.