How to Stake BitMart (BMX) in the UK

Introduction

Staking BitMart can be an excellent option for those who wish to hold BMX 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 BitMart (BMX) Tokens

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

   Platform	Coin	Price
   Bitmart	BitMart (BMX)	0.4
   Kucoin	BitMart (BMX)	0.41

   View all 4 prices

2. 2. Choose a BitMart Wallet

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

   Platform	Coin	Staking rewards
   Bitmart	BitMart (BMX)	Up to 2.75% AER

3. 3. Delegate Your BMX

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