How to Stake Onyxcoin (XCN) in Vietnam

Introduction

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

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

   Platform	Coin	Cost
   Coinbase	Onyxcoin (XCN)	0.01
   Kraken	Onyxcoin (XCN)	0.01
   Uphold	Onyxcoin (XCN)	0.02
   BingX	Onyxcoin (XCN)	0.01
   Bitget	Onyxcoin (XCN)	0
   Bitmart	Onyxcoin (XCN)	0.01

   View all 29 prices

2. 2. Select a Onyxcoin Wallet

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

   Platform	Coin	Staking benefits
   MyCointainer	Onyxcoin (XCN)	Earn up to 34.85% APY

3. 3. Delegate Your XCN

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