How to Stake Polymesh (POLYX) for better returns

Earn as much as
12.13% APY on your investments.

What you will gain insight into

1
How to Stake Polymesh (POLYX) in China
An in-depth guide on how to stake Polymesh (POLYX) in the Chinese market
2
Statistics on Polymesh Staking in China
We have extensive data on staking Polymesh (POLYX), and we are pleased to share some insights with you.
3
Other cryptocurrencies you can stake
We present various staking options with different cryptocurrencies that may pique your interest.

Recent Developments

missing en-cn translation: common.latest-movements-copy

Market capitalization: $310.94M
missing en-cn translation: common.volume-24h: $13.62M
Circulating supply in the market: 1.12B POLYX

Check the latest updates

Top Trading Pairs for Polymesh

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Introduction

Staking Polymesh can be an excellent choice for individuals looking to hold POLYX 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. Acquire Polymesh (POLYX) Tokens

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

Platform	Coin	Price
PrimeXBT	Polymesh (POLYX)	0.06 APY
Binance	Polymesh (POLYX)	0.06 APY
BingX	Polymesh (POLYX)	0.06 APY
Bitget	Polymesh (POLYX)	0.06 APY
Bitmart	Polymesh (POLYX)	0.06 APY
Bitpanda	Polymesh (POLYX)	0.36 APY

View all 25 prices

2. Select a Polymesh Wallet for Your Needs
Once you have POLYX, you'll need to select a Polymesh wallet to securely store your tokens. Here are some excellent options to consider.
Platform Coin Staking returns
Binance Polymesh (POLYX) Up to 12.13% APY
MyCointainer Polymesh (POLYX) Up to 21% APY
3. Delegate Your POLYX for Enhanced Returns
We recommend utilizing a staking pool when staking POLYX. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their POLYX, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.
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 Polymesh network. For these validations, you will be rewarded with POLYX.

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.