How to Stake dYdX (Wormhole) (DYDX) in India

Introduction

Staking dYdX (Wormhole) can be an excellent choice for those looking to hold DYDX while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Indian Investors

1. 1. Acquire dYdX (Wormhole) (DYDX) Tokens in India

   To stake dYdX (Wormhole), you first need to acquire it. To obtain dYdX (Wormhole), you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   Platform	Coin	Cost
   Nexo	dYdX (Wormhole) (DYDX)	0.63
   Uphold	dYdX (Wormhole) (DYDX)	0.58
   Kraken	dYdX (Wormhole) (DYDX)	0.63
   OKX	dYdX (Wormhole) (DYDX)	0.66
   Binance	dYdX (Wormhole) (DYDX)	0.63
   BTSE	dYdX (Wormhole) (DYDX)	0.64

   See all 46 rates

2. 2. Choose a dYdX (Wormhole) Wallet in India

   Once you have DYDX, you'll need to choose a dYdX (Wormhole) wallet to securely store your tokens. Here are some reliable options available in India.

   Platform	Coin	Staking rewards in India
   Binance	dYdX (Wormhole) (DYDX)	Up to 2.19% APY

   View all 4 staking rewards available in India

3. 3. Delegate Your DYDX in India

   We recommend using a staking pool when staking DYDX. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their DYDX, increasing their chances of validating transactions and earning rewards. You can easily 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's confirmed, you will automatically validate transactions on the dYdX (Wormhole) network. For these validations, you will be rewarded with DYDX.

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.