Where and How to Stake Alchemix (ALCX)

Introduction

Staking Alchemix can be a great choice for those who want to hold ALCX but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.

Step-by-step Guide

1. 1. Get Alchemix (ALCX) Tokens

   To stake Alchemix, you need to have it. To obtain Alchemix, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Uphold	Alchemix (ALCX)	8.26
   Kraken	Alchemix (ALCX)	8.26
   OKX	Alchemix (ALCX)	8.54
   Binance	Alchemix (ALCX)	8.26
   Coinbase	Alchemix (ALCX)	8.28
   Gate.io	Alchemix (ALCX)	8.26

   See all 24 prices

2. 2. Select a Alchemix Wallet

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

   Platform	Loonies	Staking rewards
   FMFW.io	Alchemix (ALCX)	Up to 13 annual percentage yield

3. 3. Delegate Your ALCX

   We recommend using a staking pool when staking ALCX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ALCX, 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 Alchemix network. You'll be rewarded with ALCX for these validations.

What to be Aware of

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