Where and How to Stake ICON (ICX)

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. 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
   Bitpanda	ICON (ICX)	0.21
   Uphold	ICON (ICX)	0.24
   OKX	ICON (ICX)	0.22
   Binance	ICON (ICX)	0.22
   BingX	ICON (ICX)	0.22
   Bitget	ICON (ICX)	0.22

   See all 14 prices

2. 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 3.19 APY
   Everstake	ICON (ICX)	Up to 6.3 APY

3. 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. 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.

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.