How to Stake BitMart (BMX) in Vietnam

Introduction

Staking BitMart is an excellent choice for those looking to hold BMX 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 BitMart (BMX) Tokens

   To stake BitMart, you first need to acquire it. You can purchase BitMart from various popular exchanges.

   Platform	Coin	Cost
   Bitmart	BitMart (BMX)	0.4
   Kucoin	BitMart (BMX)	0.41

   View all 4 prices

2. 2. Select a BitMart Wallet

   Once you have BMX, you'll need to select a BitMart wallet to keep your tokens safe. Here are some great options.

   Platform	Coin	Staking benefits
   Bitmart	BitMart (BMX)	Earn up to 2.75% APY

3. 3. Delegate Your BMX

   We suggest using a staking pool for staking BMX. It's easier and quicker to start. A staking pool consists of validators who pool their BMX, 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 BitMart network. You will be rewarded with BMX 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.