Where and How to Stake Binance-Peg IoTeX (IOTX)

Introduction

Staking Binance-Peg IoTeX can be a great option for those who want to hold IOTX 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 Guide

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

   In order to stake Binance-Peg IoTeX, you need to have it. To obtain Binance-Peg IoTeX, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Kucoin	Binance-Peg IoTeX (IOTX)	0.04

2. 2. Choose a Binance-Peg IoTeX Wallet

   Once you have IOTX, you’ll need to choose a Binance-Peg IoTeX wallet to store your tokens. Here are some good options.

   Platform	Coin	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 simpler and faster to get up-and-running. A staking pool is a group of validators who combine their IOTX, 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 Binance-Peg IoTeX network. You’ll be rewarded with IOTX 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.