How to Stake Conflux (CFX)

Introduction

Staking Conflux can be an excellent choice for those looking to hold CFX 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Conflux (CFX) Tokens

   To stake Conflux, you first need to acquire it. To obtain Conflux, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   PrimeXBT	Conflux (CFX)	0,08 APY
   Binance	Conflux (CFX)	0,08 APY
   OKX	Conflux (CFX)	0,09 APY
   BingX	Conflux (CFX)	0,08 APY
   Bitget	Conflux (CFX)	0,08 APY
   Bitmart	Conflux (CFX)	0,08 APY

   View all 37 prices

2. 2. Select a Conflux Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Kucoin	Conflux (CFX)	Up to 8,5 % APY

3. 3. Delegate Your CFX

   We recommend using a staking pool when staking CFX. It's simpler and faster to get started. A staking pool is a collective of validators who pool their CFX, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.