How to Stake PIVX (PIVX) for better returns

Introduction

Staking PIVX can be an excellent choice for individuals looking to hold PIVX 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 PIVX (PIVX) Tokens

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

   Platform	Coin	Price
   Binance	PIVX (PIVX)	0.12 APY
   Bitmart	PIVX (PIVX)	0.12 APY
   CoinEx	PIVX (PIVX)	0.12 APY
   Gate.io	PIVX (PIVX)	0.16 APY
   LBank	PIVX (PIVX)	0.34 APY
   MEXC Global	PIVX (PIVX)	0.12 APY

   View all 12 prices

2. 2. Select a PIVX Wallet for Your Needs

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

   Platform	Coin	Staking returns
   MyCointainer	PIVX (PIVX)	Up to 6.5% APY

3. 3. Delegate Your PIVX for Enhanced Returns

   We recommend utilizing a staking pool when staking PIVX. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their PIVX, 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 PIVX network. For these validations, you will be rewarded with PIVX.

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.