Where and How to Stake Onyxcoin (XCN)

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. 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
   Uphold	Onyxcoin (XCN)	0
   Kraken	Onyxcoin (XCN)	0
   Coinbase	Onyxcoin (XCN)	0
   MEXC Global	Onyxcoin (XCN)	0
   BingX	Onyxcoin (XCN)	0
   Bitget	Onyxcoin (XCN)	0

   See all 9 prices

2. 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. 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. 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.

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.