Where and how to stake Alchemix (ALCX)

Introduction

Staking Alchemix can be a great option for those who wish to hold ALCX while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Alchemix (ALCX) Tokens

   To stake Alchemix, you need to have it. To obtain Alchemix, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Alchemix (ALCX)	9.97
   Kraken	Alchemix (ALCX)	7.35
   OKX	Alchemix (ALCX)	8.54
   Binance	Alchemix (ALCX)	7.28
   Coinbase	Alchemix (ALCX)	7.32
   BingX	Alchemix (ALCX)	7.29

   See all 24 prices

2. 2. Select a Alchemix Wallet

   Once you have ALCX, you’ll need to choose a Alchemix wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   FMFW.io	Alchemix (ALCX)	Up to 13% APY

3. 3. Delegate Your ALCX

   We suggest using a staking pool for staking ALCX. It's easier and quicker to get started. A staking pool is a collection of validators who combine their ALCX, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Alchemix network. You'll be rewarded with ALCX for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.