How to Stake COMDEX (CMDX) in the UK

Introduction

Staking COMDEX can be an excellent option for those who wish to hold CMDX 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 COMDEX (CMDX) Tokens

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

2. 2. Choose a COMDEX Wallet

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

   Platform	Coin	Staking rewards
   Stakewolle	COMDEX (CMDX)	Up to 37.24% AER
   Stakin	COMDEX (CMDX)	Up to 15% AER
   Valid Blocks	COMDEX (CMDX)	Up to 35% AER

   View all 6 staking rewards

3. 3. Delegate Your CMDX

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