How to Stake Polymesh (POLYX): A Comprehensive Guide for the UK

Introduction

Staking Polymesh can be an excellent option for those who wish to hold POLYX 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. Obtain Polymesh (POLYX) Tokens
To stake Polymesh, you need to possess it. To obtain Polymesh, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
PrimeXBT Polymesh (POLYX) 0.06
Binance Polymesh (POLYX) 0.06
BingX Polymesh (POLYX) 0.06
Bitget Polymesh (POLYX) 0.06
Bitmart Polymesh (POLYX) 0.06
Bitpanda Polymesh (POLYX) 0.36
View all 25 prices
2. Choose a Polymesh Wallet
Once you have POLYX, you'll need to choose a Polymesh wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards
Binance Polymesh (POLYX) Up to 12.13% AER
MyCointainer Polymesh (POLYX) Up to 21% AER
3. Delegate Your POLYX
We recommend using a staking pool when staking POLYX. It's simpler and quicker to get started. A staking pool is a group of validators who combine their POLYX, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Polymesh network. You will be rewarded with POLYX for these validations.

Platform	Coin	Price
PrimeXBT	Polymesh (POLYX)	0.06
Binance	Polymesh (POLYX)	0.06
BingX	Polymesh (POLYX)	0.06
Bitget	Polymesh (POLYX)	0.06
Bitmart	Polymesh (POLYX)	0.06
Bitpanda	Polymesh (POLYX)	0.36

Platform	Coin	Staking rewards
Binance	Polymesh (POLYX)	Up to 12.13% AER
MyCointainer	Polymesh (POLYX)	Up to 21% AER

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.