How to Stake Binance-Peg IoTeX (IOTX) in Vietnam

Introduction

Staking Binance-Peg IoTeX is an excellent choice for those looking to hold IOTX while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.

Comprehensive Guide

1. 1. Acquire Binance-Peg IoTeX (IOTX) Tokens

   To stake Binance-Peg IoTeX, you first need to acquire it. You can purchase Binance-Peg IoTeX from various popular exchanges.

   Platform	Coin	Cost
   Azbit	Binance-Peg IoTeX (IOTX)	0.01
   Kucoin	Binance-Peg IoTeX (IOTX)	0.01

2. 2. Select a Binance-Peg IoTeX Wallet

   Once you have IOTX, you'll need to select a Binance-Peg IoTeX wallet to keep your tokens safe. Here are some great options.

   Platform	Coin	Staking benefits
   Kucoin	Binance-Peg IoTeX (IOTX)	Earn up to 2% APY

3. 3. Delegate Your IOTX

   We suggest using a staking pool for staking IOTX. It's easier and quicker to start. A staking pool consists of validators who pool their IOTX, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 4. Begin Validation

   You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Binance-Peg IoTeX network. You will be rewarded with IOTX for these validations.

Key Considerations

Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.