How to Stake Polymesh (POLYX): A Step-by-Step Guide for Spain

Introduction

Staking Polymesh can be an excellent choice for those looking to hold POLYX while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. Acquire Polymesh (POLYX) Tokens

To stake Polymesh, you first need to acquire it. To obtain Polymesh, you'll have to buy it. You can select from these well-known exchanges.

Plataforma	Cripto	Price
PrimeXBT	Polymesh (POLYX)	0,06 APY
Binance	Polymesh (POLYX)	0,06 APY
BingX	Polymesh (POLYX)	0,06 APY
Bitget	Polymesh (POLYX)	0,06 APY
Bitmart	Polymesh (POLYX)	0,06 APY
Bitpanda	Polymesh (POLYX)	0,36 APY

Consulta todos los 25 precios

2. Select a Polymesh Wallet
Once you have POLYX, you'll need to choose a Polymesh wallet to securely store your tokens. Here are some solid options to consider.
Plataforma Cripto Staking rewards
Binance Polymesh (POLYX) Hasta 12,13% APY
MyCointainer Polymesh (POLYX) Hasta 21% APY
3. Delegate Your POLYX
We recommend using a staking pool when staking POLYX. It's simpler and faster to get started. A staking pool is a group of validators who combine their POLYX, which increases their chances of validating transactions and earning rewards. You can manage 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 Polymesh network. You'll be rewarded with POLYX for these validations.

Plataforma	Cripto	Staking rewards
Binance	Polymesh (POLYX)	Hasta 12,13% APY
MyCointainer	Polymesh (POLYX)	Hasta 21% APY

What to Keep in Mind

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 will need to generate blocks, and this process can take some time.