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

Introduction

Staking ICON can be a great option for those who want to hold ICX but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain ICON (ICX) Tokens
In order to stake ICON, you need to have it. To obtain ICON, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Uphold ICON (ICX) 0,19
OKX ICON (ICX) 0,19
Binance ICON (ICX) 0,19
BingX ICON (ICX) 0,19
Bitget ICON (ICX) 0,19
Bitpanda ICON (ICX) 0,21
See all 14 prices
2. Choose a ICON Wallet
Once you have ICX, you’ll need to choose a ICON wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance ICON (ICX) Up to 3,19 APY
Everstake ICON (ICX) Up to 6,3 APY
3. Delegate Your ICX
We recommend using a staking pool when staking ICX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ICX, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the ICON network. You’ll be rewarded with ICX for these validations.

Platform	Coin	Price
Uphold	ICON (ICX)	0,19
OKX	ICON (ICX)	0,19
Binance	ICON (ICX)	0,19
BingX	ICON (ICX)	0,19
Bitget	ICON (ICX)	0,19
Bitpanda	ICON (ICX)	0,21

Platform	Coin	Staking rewards
Binance	ICON (ICX)	Up to 3,19 APY
Everstake	ICON (ICX)	Up to 6,3 APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

ICON (ICX) is currently priced at US$3.19 with a 24-hour trading volume of US$5.8M. The market cap of ICON stands at US$198.41M, with US$1.04B ICX in circulation. For those looking to buy or trade ICON, Binance offers avenues to do so securely and efficiently}

Market cap: US$198.41M
24h volume: US$5.8M
Circulating supply: US$1.04B

See latest information

Frequently Asked Questions About Staking ICON (ICX)

What are ICX staking rewards?: ICX staking rewards are incentives for holding ICX tokens in a wallet to support the network's operations. Rewards are distributed to stakers regularly, fostering network security and participation.
How can I stake ICON (ICX) for rewards?: To stake ICON (ICX), use a compatible wallet that supports staking. Deposit your ICX, select the amount to stake, and confirm. Rewards are accrued based on your stake.
How often are ICX staking rewards distributed?: ICX staking rewards are typically distributed on a regular basis. Exact intervals may vary, so it's essential to stay informed about the latest updates.
What factors influence ICON staking rewards?: ICON staking rewards depend on network conditions, the amount of ICX staked, and the total amount staked across the network. Variations can occur over time.
Are there risks associated with staking ICX?: Staking ICX involves minimal risks, mainly linked to the network's performance. It's crucial to use secure wallets and stay informed about potential changes in the network.
Where can I find the latest news on ICON (ICX)?: Stay informed with Bitcompare's tools for real-time price comparisons, email alerts, sentiment analysis, and the latest ICON news events. Check the platform regularly.
How should I stay updated on ICX staking rates?: Bookmark and check Bitcompare frequently for updates on ICX staking rates. The platform offers real-time data to help guide your decisions in the cryptocurrency market.
Can I stake ICX on multiple platforms?: Yes, you can stake ICX on various platforms, depending on their staking options. Compare rates and conditions on Bitcompare to choose the best platform for your needs.
What is the purpose of staking ICX?: Staking ICX secures the network and allows stakers to earn rewards. It promotes network decentralization and incentivizes token holders for their participation.
Is there a minimum amount required to stake ICX?: Typically, there is a minimum amount required to stake ICX, which may vary by platform. Check the specific requirements on Bitcompare to ensure your eligibility.