Earn up to
4% p.a.
A comprehensive guide on how to stake WAX (WAXP)
We have a wealth of data on staking WAX (WAXP) and we're pleased to share some of this with you.
We present some staking options with other coins that may be of interest.
WAX (WAXP) is currently priced at USD 4 with a 24-hour trading volume of USD 34.01M. The market cap of WAX stands at USD 159.17M, with 3.5B WAXP in circulation. For those looking to buy or trade WAX, Kucoin offers avenues to do so securely and efficiently}
Staking WAX can be a great option for those who want to hold WAXP 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.
To stake WAX, you need to own it. To obtain WAX, you'll need to buy it. You can choose from these popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Binance | WAX (WAXP) | 0.01 |
| OKX | WAX (WAXP) | 0.02 |
| BingX | WAX (WAXP) | 0.01 |
| Bitget | WAX (WAXP) | 0.01 |
| Bitmart | WAX (WAXP) | 0.02 |
| Bitpanda | WAX (WAXP) | 0.05 |
Once you have WAXP, you'll need to choose a WAX wallet to store your tokens. Here are some great options.
| Platform | Coin | Staking returns |
|---|---|---|
| Kucoin | WAX (WAXP) | Up to 4% % p.a. |
We recommend using a staking pool when staking WAXP. It's simpler and quicker to get started. A staking pool is a group of validators who combine their WAXP, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 WAX network. You'll be rewarded with WAXP for these validations.
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.
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