Introduction

Staking Covalent X Token can be an excellent choice for those looking to hold CXT 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 Covalent X Token (CXT) Tokens

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

   Plattform	Kryptowährung	Price
   Kraken	Covalent X Token (CXT)	0,01 APY
   OKX	Covalent X Token (CXT)	0,03 APY
   Uphold	Covalent X Token (CXT)	0,03 APY
   BingX	Covalent X Token (CXT)	0,01 APY
   Bitmart	Covalent X Token (CXT)	0,01 APY
   Bitstamp	Covalent X Token (CXT)	0,01 APY

   View all 23 prices

2. 2. Select a Covalent X Token Wallet

   Once you have CXT, you'll need to select a Covalent X Token wallet to securely store your tokens. Here are some solid options to consider.

3. 3. Delegate Your CXT

   We recommend using a staking pool when staking CXT. It's simpler and faster to get started. A staking pool is a collective of validators who pool their CXT, 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 Covalent X Token network. For these validations, you will be rewarded with CXT.

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.