Introduction

Staking Mdex (BSC) can be a great option for those who want to hold MDX but earn yield in a safe way while contributing to the network. The steps can be a bit 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. Acquire Mdex (BSC) (MDX) Tokens

   To stake Mdex (BSC), you need to own it. To get Mdex (BSC), you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Mdex (BSC) (MDX)	0.01
   MEXC Global	Mdex (BSC) (MDX)	0.01

2. 2. Choose a Mdex (BSC) Wallet

   Once you have MDX, you’ll need to choose a Mdex (BSC) wallet to store your tokens. Here are some good options.

3. 3. Delegate Your MDX

   We recommend using a staking pool when staking MDX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their MDX, 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 Mdex (BSC) network. You’ll be rewarded with MDX for these validations.

What to be Aware of

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