Earn up to
6.5% APY
An in-depth guide on how to stake ICON (icx)
We have a lot of data on staking ICON (icx) and we share some of this with you.
We show you some staking options with other coins that could be of interest.
Staking ICON can be a great option for those who want to hold icx 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.
In order to stake ICON, you need to have it. To obtain ICON, you'll need to purchase it. You can choose from these popular exchanges.
Once you have icx, you'll need to choose a ICON wallet to store your tokens. Here are some good options.
| Platform | Coin | Staking rewards |
|---|---|---|
| Stakin | ICON (icx) | Up to 6.5% APY |
We recommend using a staking pool when staking icx. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their icx, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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 ICON network. You'll be rewarded with icx for these validations.
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.
Building a crypto integration?
Access yield rates programmatically via the Bitcompare Pro API. 10,000 requests/month free.