How to Stake Stox (STX)

Introduction

Staking Stox can be an excellent choice for those looking to hold STX 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 Stox (STX) Tokens

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

   Plattform	Kryptowährung	Price
   YouHodler	Stox (STX)	0,26 APY
   Binance	Stox (STX)	0,26 APY
   Coinbase	Stox (STX)	0,26 APY
   Kraken	Stox (STX)	0,26 APY
   OKX	Stox (STX)	0,65 APY
   Bake	Stox (STX)	0,26 APY

   View all 32 prices

2. 2. Select a Stox Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Binance	Stox (STX)	Up to 5 % APY
   Kucoin	Stox (STX)	Up to 4 % APY

   Discover all 4 staking rewards available

3. 3. Delegate Your STX

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

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.