Where & How to Stake IoTeX (IOTX)

Introduction

Staking 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 IoTeX (IOTX) Tokens

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

   Platform	Coin	Price
   Bitpanda	IoTeX (IOTX)	$0.0407
   Binance	IoTeX (IOTX)	$0.0403
   Coinbase	IoTeX (IOTX)	$0.0403
   BTSE	IoTeX (IOTX)	$0.0407
   BingX	IoTeX (IOTX)	$0.0401
   Bitmart	IoTeX (IOTX)	$0.0265

   See all 9 prices

2. 2. Choose a IoTeX Wallet

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

   Platform	Coin	Staking rewards
   Binance	IoTeX (IOTX)	Up to 5.9% 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 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.