How to Stake Polymesh (POLYX) in Vietnam

Introduction

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

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

   Platform	Coin	Cost
   PrimeXBT	Polymesh (POLYX)	0.12
   Binance	Polymesh (POLYX)	0.12
   BingX	Polymesh (POLYX)	0.12
   Bitget	Polymesh (POLYX)	0.12
   Bitmart	Polymesh (POLYX)	0.11
   Bitpanda	Polymesh (POLYX)	0.36

   View all 24 prices

2. 2. Select a Polymesh Wallet

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

   Platform	Coin	Staking benefits
   Binance	Polymesh (POLYX)	Earn up to 12.13% APY
   MyCointainer	Polymesh (POLYX)	Earn up to 21% APY

3. 3. Delegate Your POLYX

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