How to Stake GMX (GMX) in Vietnam

Introduction

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

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

   Platform	Coin	Cost
   Nexo	GMX (GMX)	14.3
   Binance	GMX (GMX)	14.3
   OKX	GMX (GMX)	14.31
   Uphold	GMX (GMX)	16.06
   BingX	GMX (GMX)	14.3
   Bitget	GMX (GMX)	14.28

   View all 35 prices

2. 2. Select a GMX Wallet

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

   Platform	Coin	Staking benefits
   Binance	GMX (GMX)	Earn up to 5.9% APY

3. 3. Delegate Your GMX

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