How to Stake WAX (WAXP) in Vietnam

Introduction

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

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

   Platform	Coin	Cost
   Binance	WAX (WAXP)	0.01
   OKX	WAX (WAXP)	0.02
   BingX	WAX (WAXP)	0.01
   Bitget	WAX (WAXP)	0.01
   Bitmart	WAX (WAXP)	0.02
   Bitpanda	WAX (WAXP)	0.05

   View all 29 prices

2. 2. Select a WAX Wallet

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

   Platform	Coin	Staking benefits
   Kucoin	WAX (WAXP)	Earn up to 4% APY

3. 3. Delegate Your WAXP

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