How to Stake Binance-Peg IoTeX (IOTX) in the UK

Introduction

Staking Binance-Peg IoTeX can be an excellent option for those who wish to hold IOTX 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 Binance-Peg IoTeX (IOTX) Tokens

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

   Platform	Coin	Price
   Azbit	Binance-Peg IoTeX (IOTX)	0.01
   FMFW.io	Binance-Peg IoTeX (IOTX)	0.01
   Kucoin	Binance-Peg IoTeX (IOTX)	0.01

   View all 4 prices

2. 2. Choose a Binance-Peg IoTeX Wallet

   Once you have IOTX, you'll need to choose a Binance-Peg IoTeX wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   Kucoin	Binance-Peg IoTeX (IOTX)	Up to 2% AER

3. 3. Delegate Your IOTX

   We recommend using a staking pool when staking IOTX. It's simpler and quicker to get started. A staking pool is a group of validators who combine their IOTX, 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 Binance-Peg IoTeX network. You will be rewarded with IOTX 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.