How to Stake Binance-Peg IoTeX (IOTX)

Introduction

Staking Binance-Peg IoTeX can be an excellent choice for those looking to hold IOTX 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 Binance-Peg IoTeX (IOTX) Tokens

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

   Platform	Mint	Cost
   Azbit	Binance-Peg IoTeX (IOTX)	0,01
   FMFW.io	Binance-Peg IoTeX (IOTX)	0,01
   Kucoin	Binance-Peg IoTeX (IOTX)	0,01

   View all 4 prices

2. 2. Select a Binance-Peg IoTeX Wallet

   Once you have IOTX, you'll need to choose a Binance-Peg IoTeX wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Kucoin	Binance-Peg IoTeX (IOTX)	Up to 2% APY

3. 3. Delegate Your IOTX

   We recommend using a staking pool when staking IOTX. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their IOTX, 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 Binance-Peg IoTeX network. You'll be rewarded with IOTX 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.