Where and how to stake IoTeX (IOTX)

Introduction

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

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

   Platform	Coin	Price
   Binance	IoTeX (IOTX)	0.03
   BTSE	IoTeX (IOTX)	0.03
   Coinbase	IoTeX (IOTX)	0.03
   BingX	IoTeX (IOTX)	0.03
   Bitget	IoTeX (IOTX)	0.03
   Bitmart	IoTeX (IOTX)	0.02

   See all 35 prices

2. 2. Select a IoTeX Wallet

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

   Platform	Coin	Staking rewards
   Binance	IoTeX (IOTX)	Up to 5.9% APY
   Bitget	IoTeX (IOTX)	Up to 12% APY

   See all 5 staking rewards

3. 3. Delegate Your IOTX

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