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 intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Binance-Peg IoTeX (IOTX) Tokens

   To stake Binance-Peg IoTeX, you must first acquire it. To obtain Binance-Peg IoTeX, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Azbit	Binance-Peg IoTeX (IOTX)	0,01 APY
   Kucoin	Binance-Peg IoTeX (IOTX)	0,01 APY

2. 2. Select a Binance-Peg IoTeX Wallet

   Once you have IOTX, you'll need to select a Binance-Peg IoTeX wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   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 more straightforward and quicker to get started. A staking pool is a collective of validators who pool their IOTX, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   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. For these validations, you'll receive rewards in IOTX.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.