Introduction

Staking Wirex Token can be a great option for those who want to hold WXT but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain Wirex Token (WXT) tokens

   In order to stake Wirex Token, you need to have it. To obtain Wirex Token, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Wirex	Wirex Token (WXT)	$0.0055
   OKX	Wirex Token (WXT)	$0.0054

2. 2. Choose a Wirex Token wallet

   Once you have WXT, you’ll need to choose a Wirex Token wallet to store your tokens. Here are some good options.

3. 3. Delegate your WXT

   We recommend using a staking pool when staking WXT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their WXT, which gives them a higher chance of validating transactions and earning rewards. You can do 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 Wirex Token network. You’ll be rewarded with WXT for these validations.

What to be aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.