How to Stake GMX (GMX) in the UK

Introduction

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

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

   Platform	Coin	Price
   Nexo	GMX (GMX)	15.27
   Binance	GMX (GMX)	15.32
   OKX	GMX (GMX)	15.31
   Uphold	GMX (GMX)	16.06
   BingX	GMX (GMX)	15.32
   Bitget	GMX (GMX)	15.35

   View all 35 prices

2. 2. Choose a GMX Wallet

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

   Platform	Coin	Staking rewards
   Binance	GMX (GMX)	Up to 5.9% AER

3. 3. Delegate Your GMX

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