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 for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

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 purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Azbit	Binance-Peg IoTeX (IOTX)	0,03 APY
   Kucoin	Binance-Peg IoTeX (IOTX)	0,03 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 solid options to consider.

   Plattform	Kryptowährung	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 started. A staking pool is a collective of validators who pool 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 will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Binance-Peg IoTeX network. For these validations, you will be rewarded with IOTX.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.