Where and How to Stake Conflux (CFX)

Introduction

Staking Conflux can be a great option for those who want to hold CFX 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 Conflux (CFX) Tokens

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

   Platform	Coin	Price
   Bitpanda	Conflux (CFX)	0.16
   OKX	Conflux (CFX)	0.17
   Binance	Conflux (CFX)	0.16
   Bitmart	Conflux (CFX)	0.16
   MEXC Global	Conflux (CFX)	0.17
   BingX	Conflux (CFX)	0.17

   See all 13 prices

2. 2. Choose a Conflux Wallet

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

   Platform	Coin	Staking rewards
   Kucoin	Conflux (CFX)	Up to 8.5 APY

3. 3. Delegate Your CFX

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