Earn up to
12,13% APY on your investments.
An in-depth guide on how to stake Polymesh (POLYX) in Italy
We have a wealth of information on staking Polymesh (POLYX) and we are pleased to share some of this with you.
We present you with various staking options featuring different cryptocurrencies that may pique your interest.
Polymesh (POLYX) is currently priced at US$21 with a 24-hour trading volume of US$13.62M. The market cap of Polymesh stands at US$310.94M, with 1,12B POLYX in circulation. For those looking to buy or trade Polymesh, Binance offers avenues to do so securely and efficiently
Staking Polymesh can be an excellent choice for those looking to hold POLYX 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.
To stake Polymesh, you must first acquire it. To obtain Polymesh, you'll need to buy it. You can select from these well-known exchanges available in Italy.
| Piattaforma | Criptovaluta | Value |
|---|---|---|
| PrimeXBT | Polymesh (POLYX) | 0,06 APY |
| Binance | Polymesh (POLYX) | 0,06 APY |
| BingX | Polymesh (POLYX) | 0,06 APY |
| Bitget | Polymesh (POLYX) | 0,06 APY |
| Bitmart | Polymesh (POLYX) | 0,06 APY |
| Bitpanda | Polymesh (POLYX) | 0,36 APY |
Once you have POLYX, you'll need to select a Polymesh wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
| Piattaforma | Criptovaluta | Staking rewards |
|---|---|---|
| Binance | Polymesh (POLYX) | Up to 12,13% APY |
| MyCointainer | Polymesh (POLYX) | Up to 21% APY |
We recommend using a staking pool when staking POLYX. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their POLYX, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Polymesh network. For these validations, you'll receive rewards in POLYX.
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.
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