How to Stake ICON (ICX)

Introduction

Staking ICON can be an excellent choice for those looking to hold ICX while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire ICON (ICX) Tokens

   To stake ICON, you must first acquire it. To obtain ICON, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Binance	ICON (ICX)	0.13 APY
   OKX	ICON (ICX)	0.11 APY
   Uphold	ICON (ICX)	0.11 APY
   BingX	ICON (ICX)	0.13 APY
   Bitget	ICON (ICX)	0.13 APY
   Bitpanda	ICON (ICX)	0.21 APY

   Check out all 27 prices

2. 2. Select a ICON Wallet

   Once you have ICX, you'll need to select a ICON wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Binance	ICON (ICX)	Up to 3.19% APY
   Everstake	ICON (ICX)	Up to 8.8% APY

   Discover all 6 staking rewards available to you

3. 3. Delegate Your ICX

   We recommend using a staking pool when staking ICX. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their ICX, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the ICON network. For these validations, you'll receive rewards in ICX.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.