Where and how to stake GMX (GMX)

Introduction

Staking GMX can be a great option for those who wish to hold GMX 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 GMX (GMX) Tokens

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

   Platform	Coin	Price
   Nexo	GMX (GMX)	13.58
   Uphold	GMX (GMX)	16.06
   OKX	GMX (GMX)	13.56
   Binance	GMX (GMX)	13.57
   MEXC Global	GMX (GMX)	13.57
   Bitmart	GMX (GMX)	13.56

   See all 35 prices

2. 2. Select a GMX Wallet

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

   Platform	Coin	Staking rewards
   Binance	GMX (GMX)	Up to 5.9% APY

3. 3. Delegate Your GMX

   We suggest using a staking pool for staking GMX. It's easier and quicker to get started. A staking pool is a collection of validators who combine their GMX, 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 GMX network. You'll be rewarded with GMX 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.