How to Stake ICON (ICX) for better returns

Introduction

Staking ICON can be an excellent choice for individuals looking to hold ICX while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire ICON (ICX) Tokens

   To stake ICON, you first need to acquire it. To obtain ICON, you can purchase it from these well-known exchanges.

   平台	Coin	Price
   Binance	ICON (ICX)	0.12 APY
   OKX	ICON (ICX)	0.11 APY
   Uphold	ICON (ICX)	0.11 APY
   BingX	ICON (ICX)	0.12 APY
   Bitget	ICON (ICX)	0.12 APY
   Bitpanda	ICON (ICX)	0.21 APY

   View all 27 prices

2. 2. Select a ICON Wallet for Your Needs

   Once you have ICX, you'll need to select a ICON wallet to securely store your tokens. Here are some excellent options to consider.

   平台	Coin	Staking returns
   Binance	ICON (ICX)	Up to 3.19% APY
   Everstake	ICON (ICX)	Up to 8.8% APY

   View all 6 staking rewards available

3. 3. Delegate Your ICX for Enhanced Returns

   We recommend utilizing a staking pool when staking ICX. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their ICX, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the ICON network. For these validations, you will be rewarded with ICX.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.