How to Stake ICON (ICX): A Step-by-Step Guide

Introduction

Staking ICON can be a great option for those who want to hold ICX but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain ICON (ICX) Tokens
In order to stake ICON, you need to have it. To obtain ICON, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Binance ICON (ICX) 0.06
OKX ICON (ICX) 0.11
Uphold ICON (ICX) 0.11
BingX ICON (ICX) 0.06
Bitget ICON (ICX) 0.06
Bitpanda ICON (ICX) 0.21
See all 27 prices
2. Choose a ICON Wallet
Once you have ICX, you’ll need to choose a ICON wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance ICON (ICX) Up to 6.82% APY
Everstake ICON (ICX) Up to 9.3% APY
See all 6 staking rewards
3. Delegate Your ICX
We recommend using a staking pool when staking ICX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ICX, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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. You’ll be rewarded with ICX for these validations.

Platform	Coin	Price
Binance	ICON (ICX)	0.06
OKX	ICON (ICX)	0.11
Uphold	ICON (ICX)	0.11
BingX	ICON (ICX)	0.06
Bitget	ICON (ICX)	0.06
Bitpanda	ICON (ICX)	0.21

Platform	Coin	Staking rewards
Binance	ICON (ICX)	Up to 6.82% APY
Everstake	ICON (ICX)	Up to 9.3% APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.