How to Stake WAX (WAXP): A Comprehensive Guide for the UK

Introduction

Staking WAX can be an excellent option for those who wish to hold WAXP 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 WAX (WAXP) Tokens
To stake WAX, you need to possess it. To obtain WAX, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Binance WAX (WAXP) 0.01
OKX WAX (WAXP) 0.02
BingX WAX (WAXP) 0.01
Bitget WAX (WAXP) 0.01
Bitmart WAX (WAXP) 0.02
Bitpanda WAX (WAXP) 0.05
View all 29 prices
2. Choose a WAX Wallet
Once you have WAXP, you'll need to choose a WAX wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards
Kucoin WAX (WAXP) Up to 4% AER
3. Delegate Your WAXP
We recommend using a staking pool when staking WAXP. It's simpler and quicker to get started. A staking pool is a group of validators who combine their WAXP, 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 WAX network. You will be rewarded with WAXP for these validations.

Platform	Coin	Price
Binance	WAX (WAXP)	0.01
OKX	WAX (WAXP)	0.02
BingX	WAX (WAXP)	0.01
Bitget	WAX (WAXP)	0.01
Bitmart	WAX (WAXP)	0.02
Bitpanda	WAX (WAXP)	0.05

Platform	Coin	Staking rewards
Kucoin	WAX (WAXP)	Up to 4% 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.