How to Stake Onyxcoin (XCN) in India

Introduction

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

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

   Platform	Coin	Cost
   Coinbase	Onyxcoin (XCN)	0.01
   Kraken	Onyxcoin (XCN)	0.01
   Uphold	Onyxcoin (XCN)	0.02
   BingX	Onyxcoin (XCN)	0.01
   Bitget	Onyxcoin (XCN)	0
   Bitmart	Onyxcoin (XCN)	0.01

   See all 29 rates

2. 2. Choose a Onyxcoin Wallet in India

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

   Platform	Coin	Staking rewards in India
   MyCointainer	Onyxcoin (XCN)	Up to 34.85% APY

3. 3. Delegate Your XCN in India

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

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.