How to Stake Onyxcoin (XCN): A Step-by-Step Guide

Introduction

Staking Onyxcoin can be a great option for those who want to hold XCN 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 Onyxcoin (XCN) Tokens
In order to stake Onyxcoin, you need to have it. To obtain Onyxcoin, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
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 prices
2. Choose a Onyxcoin Wallet
Once you have XCN, you’ll need to choose a Onyxcoin wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
MyCointainer Onyxcoin (XCN) Up to 34.85% APY
3. Delegate Your XCN
We recommend using a staking pool when staking XCN. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their XCN, 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 Onyxcoin network. You’ll be rewarded with XCN for these validations.

Platform	Coin	Price
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

Platform	Coin	Staking rewards
MyCointainer	Onyxcoin (XCN)	Up to 34.85% 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.

Latest Movements

Onyxcoin (XCN) is currently priced at US$34.85 with a 24-hour trading volume of US$2.88M. The market cap of Onyxcoin stands at US$83.69M, with 31.8B XCN in circulation. For those looking to buy or trade Onyxcoin, MyCointainer offers avenues to do so securely and efficiently

Market cap: US$83.69M
24h volume: US$2.88M
Circulating supply: 31.8B XCN

See latest information

Frequently Asked Questions About Staking Onyxcoin (XCN)

What are the staking rewards for Onyxcoin (XCN)?: Onyxcoin (XCN) offers competitive staking rewards, with an average rate of 34.85%. Currently, the best staking rate is available through MyCointainer, providing an attractive opportunity for holders looking to earn passive income on their investments. Staking not only supports the network but also allows participants to benefit from the rewards system. For the latest updates and detailed comparisons, be sure to check Bitcompare regularly.