How to Stake Alchemix (ALCX)

Introduction

Staking Alchemix can be an excellent choice for those looking to hold ALCX while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Alchemix (ALCX) Tokens

   To stake Alchemix, you first need to acquire it. To obtain Alchemix, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Binance	Alchemix (ALCX)	7,67
   Coinbase	Alchemix (ALCX)	7,65
   Kraken	Alchemix (ALCX)	7,65
   OKX	Alchemix (ALCX)	8,54
   Uphold	Alchemix (ALCX)	9,97
   BingX	Alchemix (ALCX)	7,65

   View all 24 prices

2. 2. Select a Alchemix Wallet

   Once you have ALCX, you'll need to choose a Alchemix wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   FMFW.io	Alchemix (ALCX)	Up to 13% APY

3. 3. Delegate Your ALCX

   We recommend using a staking pool when staking ALCX. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their ALCX, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Alchemix network. You'll be rewarded with ALCX for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.