How to Stake IoTeX (IOTX)

Introduction

Staking 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 IoTeX (IOTX) Tokens

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

   Platform	Mint	Cost
   Binance	IoTeX (IOTX)	0,03
   BTSE	IoTeX (IOTX)	0,03
   Coinbase	IoTeX (IOTX)	0,03
   BingX	IoTeX (IOTX)	0,03
   Bitget	IoTeX (IOTX)	0,03
   Bitmart	IoTeX (IOTX)	0,02

   View all 35 prices

2. 2. Select a IoTeX Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Binance	IoTeX (IOTX)	Up to 2,5% APY
   Bitget	IoTeX (IOTX)	Up to 12% APY

   View all 5 staking rewards available

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 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.