How to Stake ICON (ICX)

Introduction

Staking ICON can be an excellent choice for those 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire ICON (ICX) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	ICON (ICX)	0,06 APY
   OKX	ICON (ICX)	0,11 APY
   Uphold	ICON (ICX)	0,11 APY
   BingX	ICON (ICX)	0,06 APY
   Bitget	ICON (ICX)	0,06 APY
   Bitpanda	ICON (ICX)	0,21 APY

   View all 27 prices

2. 2. Select a ICON Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Binance	ICON (ICX)	Up to 6,82 % APY
   Everstake	ICON (ICX)	Up to 9,3 % APY

   Discover all 6 staking rewards available

3. 3. Delegate Your ICX

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

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.