How to Stake IoTeX (IOTX)

Introduction

Staking IoTeX can be an excellent choice for those looking to hold IOTX while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire IoTeX (IOTX) Tokens

   To stake IoTeX, you first need to acquire it. To obtain IoTeX, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Binance	IoTeX (IOTX)	0.01 APY
   BTSE	IoTeX (IOTX)	0.01 APY
   Coinbase	IoTeX (IOTX)	0.01 APY
   BingX	IoTeX (IOTX)	0.01 APY
   Bitget	IoTeX (IOTX)	0.01 APY
   Bitmart	IoTeX (IOTX)	0.01 APY

   See all 35 prices in Uganda

2. 2. Select a IoTeX Wallet

   Once you have IOTX, you'll need to select a IoTeX wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   Binance	IoTeX (IOTX)	Up to 4% APY
   Bitget	IoTeX (IOTX)	Up to 12% APY

   View all 5 staking rewards available.

3. 3. Delegate Your IOTX

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

4. 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 IoTeX network. You'll be rewarded with IOTX for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.