ICON
Stake ICON (ICX) in Atomic Mobile Wallet
The Icon Foundation has set itself the goal of combining cryptocurrencies with traditional finance, offering fast and secure payments for in
FEB 03, 2021
Table of Contents
How to Stake ICX in mobile Atomic Wallet
Create a new wallet
Set a strong password
Write down and save the seed-phrase
Top up the wallet
Staking ICX
Share with your network
The Icon Foundation has set itself the goal of combining cryptocurrencies with traditional finance, offering fast and secure payments for insurance companies, healthcare providers, financial institutions, and many other organizations. Users, in turn, can become part of this movement by supporting validators and delegating their tokens to them, and receiving income.
Atomic Wallet developers have presented a convenient mobile multi-currency platform for storing, transferring, and staking cryptocurrencies. Also, users can buy and sell cryptocurrencies right in the wallet. Atomic Wallet is also available for desktop and web. If you prefer to use the Atomic Wallet to stake ICX tokens, then read our other guide.
How to Stake ICX in mobile Atomic Wallet
First, download the Atomic Wallet app for your device. The wallet is available on iOS and Android platforms.
Launch the app and follow step-by-step instructions to stake ICX tokens.
Create a new wallet
There are two ways to open an Atomic Wallet:
- Create a new multi-currency wallet;
- Import an existing one.
If you do not have a wallet to import, click “Create new wallet”.
Set a strong password
The more complex the password used to enter the crypto wallet, the better. Do not use simple combinations of symbols to prevent hacks. Examples of a good password are Sr $ 5xVC8 & x3rTz9) or F1 @ dFG5xC ^ 6 * vVf. A good password consists of a variety of letters, numbers, and special characters, and contains at least 12 characters. Then press “Set” and enter the password again to confirm it.
Write down and save the seed-phrase
At the next stage, Atomic Wallet will offer to create a backup copy, which is a mnemonic password of 12 random words, with which users can restore the wallet on other devices if something happens.
You can copy the seed phrase or scan the QR code to save it. This is convenient but not secure. It is best to record and store your mnemonic password on non-digital devices: paper, seed storage device, or other suitable media. After you wrote down the seed phrase, click “Start using Atomic”.
We have created a wallet and now we can use it: store, exchange, stake, send and receive cryptocurrency using the application. Let’s top it up to stake ICON tokens.
Top up the wallet
On the main page of the wallet in the “Wallet” section, select the required cryptocurrency or start typing its name in the search field.
Select the cryptocurrency and click on it. In the section that opens, you can send and receive ICX tokens. Click “Receive” to open the wallet address.
There are three ways to get in touch with the sender or the exchange in order to receive tokens:
- By sending a QR code;
- By copying the ICX address;
- By sharing the wallet details through available channels such as email, social networks, or instant messengers.
Staking ICX
After the cryptocurrency is in the crypto wallet, click the “Staking” button located on the home screen of the Atomic Wallet application.
Select ICX from the token list. If the cryptocurrency ICON is not displayed on the screen, scroll through the list or enter the name of the token in the search field.
The section that opens will display your staking statistics: how many tokens have been staked, how many rewards have been awarded, and the number of available votes. Click “Stake” to continue.
Now enter the number of tokens to be delegated and select a validator. To open the list of validators, click on the block highlighted in the screenshot below. By default, Atomic Wallet offers its own validator.
Find and select a validator from the list, for example, Everstake. To quickly find a validator, use the search and start typing its name.
After that click “Stake ICX”. If you decide to stake all tokens at once, use the “Stake All” button.
Enter your wallet password to confirm the transaction.
If the transaction was successful, the following message will appear:
Congratulations! You have successfully staked ICX. The unstaking period depends on the number of staked tokens in the ICON network.
If you have any questions, feel free to reach out to our ICON Blockchain Manager on Twitter.
Share with your network
Related Articles
ICON
HOW TO STAKE ICON (ICX) VIA HANA IOS WALLET
Learn how to stake ICX using the Hana IOS Wallet. Discover ICON’s unique blockchain and how staking earns you daily rewards in this comprehensive guide.
JUL 06, 2023
ICON
Introduction to the ICON Ecosystem Part 2: ICON-Related Projects
This guide will introduce you to the diversity of the ICON Ecosystem through short overviews of ICON-related projects.
DEC 06, 2022
ICON
Introduction to the ICON Ecosystem: Part 1
This article will look into the most prominent players in the ICON ecosystem.
AUG 25, 2022
Disclaimer
Everstake, Inc. or any of its affiliates is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services or take custody of, or otherwise hold or manage, customer assets. Everstake, Inc. or any of its affiliates does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds. Everstake, Inc. or any of its affiliates’s provision of technology services allowing a user to stake digital assets is not an endorsement or a recommendation of any digital assets by it. Users are fully and solely responsible for evaluating whether to stake digital assets.
Sign Up for
Our Newsletter
By submitting this form, you are acknowledging that you have read and agree to our Privacy Notice, which details how we collect and use your information.