Where and How to Stake WAX (WAXP)

Introduction

Staking WAX can be a great choice for those who want to hold WAXP 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 WAX (WAXP) Tokens

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

   Platform	Loonies	Price
   OKX	WAX (WAXP)	0.02
   Binance	WAX (WAXP)	0.02
   MEXC Global	WAX (WAXP)	0.02
   Bitget	WAX (WAXP)	0.02
   Bitmart	WAX (WAXP)	0.02
   Kucoin	WAX (WAXP)	0.02

   See all 29 prices

2. 2. Select a WAX Wallet

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

   Platform	Loonies	Staking rewards
   Kucoin	WAX (WAXP)	Up to 4% annual percentage yield

3. 3. Delegate Your WAXP

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