How to Stake Onyxcoin (XCN)

Introduction

Staking Onyxcoin can be an excellent choice for those looking to hold XCN 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 Onyxcoin (XCN) Tokens

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

   Plattform	Kryptowährung	Price
   Coinbase	Onyxcoin (XCN)	0,01 APY
   Kraken	Onyxcoin (XCN)	0,01 APY
   Uphold	Onyxcoin (XCN)	0,02 APY
   BingX	Onyxcoin (XCN)	0,01 APY
   Bitget	Onyxcoin (XCN)	0 APY
   Bitmart	Onyxcoin (XCN)	0,01 APY

   View all 29 prices

2. 2. Select a Onyxcoin Wallet

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

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	Onyxcoin (XCN)	Up to 34,85 % APY

3. 3. Delegate Your XCN

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

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.