How to Stake Conflux (CFX) in the UK

Introduction

Staking Conflux can be an excellent option for those who wish to hold CFX 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 Conflux (CFX) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Conflux (CFX)	0.08
   Binance	Conflux (CFX)	0.08
   OKX	Conflux (CFX)	0.09
   BingX	Conflux (CFX)	0.08
   Bitget	Conflux (CFX)	0.08
   Bitmart	Conflux (CFX)	0.08

   View all 37 prices

2. 2. Choose a Conflux Wallet

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

   Platform	Coin	Staking rewards
   Kucoin	Conflux (CFX)	Up to 8.5% AER

3. 3. Delegate Your CFX

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