Where and How to Stake Polymesh (POLYX)

Introduction

Staking Polymesh can be a great option for those who want to hold POLYX 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 Polymesh (POLYX) Tokens

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

   Platform	Coin	Price
   Bitpanda	Polymesh (POLYX)	0.34
   Binance	Polymesh (POLYX)	0.33
   Bitmart	Polymesh (POLYX)	0.31
   BingX	Polymesh (POLYX)	0.34
   Bitget	Polymesh (POLYX)	0.34
   Kucoin	Polymesh (POLYX)	0.34

   See all 10 prices

2. 2. Choose a Polymesh Wallet

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

   Platform	Coin	Staking rewards
   Binance	Polymesh (POLYX)	Up to 8.9 APY
   MyCointainer	Polymesh (POLYX)	Up to 21 APY

3. 3. Delegate Your POLYX

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