How to Stake ICON (ICX) in the UK

Introduction

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

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

   Platform	Coin	Price
   Binance	ICON (ICX)	0.13
   OKX	ICON (ICX)	0.11
   Uphold	ICON (ICX)	0.11
   BingX	ICON (ICX)	0.13
   Bitget	ICON (ICX)	0.13
   Bitpanda	ICON (ICX)	0.21

   View all 27 prices

2. 2. Choose a ICON Wallet

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

   Platform	Coin	Staking rewards
   Binance	ICON (ICX)	Up to 3.19% AER
   Everstake	ICON (ICX)	Up to 8.8% AER

   View all 6 staking rewards

3. 3. Delegate Your ICX

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