How to Stake IoTeX (IOTX) in India

Introduction

Staking IoTeX can be an excellent choice for those looking to hold IOTX 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 IoTeX (IOTX) Tokens in India

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

   Platform	Coin	Cost
   Binance	IoTeX (IOTX)	0.01
   BTSE	IoTeX (IOTX)	0.01
   Coinbase	IoTeX (IOTX)	0.01
   BingX	IoTeX (IOTX)	0.01
   Bitget	IoTeX (IOTX)	0.01
   Bitmart	IoTeX (IOTX)	0.01

   See all 35 rates

2. 2. Choose a IoTeX Wallet in India

   Once you have IOTX, you'll need to choose a IoTeX wallet to securely store your tokens. Here are some reliable options available in India.

   Platform	Coin	Staking rewards in India
   Binance	IoTeX (IOTX)	Up to 4% APY
   Bitget	IoTeX (IOTX)	Up to 12% APY

   View all 5 staking rewards available in India

3. 3. Delegate Your IOTX in India

   We recommend using a staking pool when staking IOTX. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their IOTX, 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 IoTeX network. For these validations, you will be rewarded with IOTX.

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.