Where & How to Stake BitMart Token (BMX)

Introduction

Staking BitMart Token can be a great option for those who want to hold BMX 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 BitMart Token (BMX) Tokens

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

   Platform	Coin	Price
   Bitmart	BitMart Token (BMX)	$0.2953
   Kucoin	BitMart Token (BMX)	$0.2951

2. 2. Choose a BitMart Token Wallet

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

   Platform	Coin	Staking rewards
   Bitmart	BitMart Token (BMX)	Up to 1.5% APY

3. 3. Delegate Your BMX

   We recommend using a staking pool when staking BMX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BMX, 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 BitMart Token network. You’ll be rewarded with BMX 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.