How to Stake Alchemix (ALCX) in the UK

Introduction

Staking Alchemix can be an excellent option for those who wish to hold ALCX while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Alchemix (ALCX) Tokens

   To stake Alchemix, you need to possess it. To obtain Alchemix, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Alchemix (ALCX)	9.97
   Kraken	Alchemix (ALCX)	9.4
   OKX	Alchemix (ALCX)	8.54
   Binance	Alchemix (ALCX)	9.4
   Coinbase	Alchemix (ALCX)	9.38
   BingX	Alchemix (ALCX)	9.4

   View all 24 prices

2. 2. Choose a Alchemix Wallet

   Once you have ALCX, you'll need to choose a Alchemix wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   FMFW.io	Alchemix (ALCX)	Up to 13% AER

3. 3. Delegate Your ALCX

   We recommend using a staking pool when staking ALCX. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ALCX, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the Alchemix network. You will be rewarded with ALCX for these validations.

What to Be Aware Of

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