How to Stake ICON (ICX): A Step-by-Step Guide for German Investors

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. 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) 0,05 APY
OKX ICON (ICX) 0,11 APY
Uphold ICON (ICX) 0,11 APY
BingX ICON (ICX) 0,05 APY
Bitget ICON (ICX) 0,05 APY
Bitpanda ICON (ICX) 0,21 APY
View all 27 prices
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. 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. 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.

Plattform	Kryptowährung	Price
Binance	ICON (ICX)	0,05 APY
OKX	ICON (ICX)	0,11 APY
Uphold	ICON (ICX)	0,11 APY
BingX	ICON (ICX)	0,05 APY
Bitget	ICON (ICX)	0,05 APY
Bitpanda	ICON (ICX)	0,21 APY

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

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.