ICON Staking Guide Through ICONex Mobile Wallet

09 JAN 2020
5 min read
ICON
how to stake
icon foundation
IRIS
Staking
Staking Guide
5 min read
Article content

ICON’s idea to make many blockchains operable under one ecosystem is what makes this platform so attractive in terms of the current functionality and future development. The Proof-of-Stake consensus algorithm provides a high-security level while allowing all network participants to stake the native cryptocurrency called ICX. In this guide, you will discover a quick step by step guide on ICX staking via mobile ICONex wallet.

The ICONex wallet is available both for iOS and Android users, and can be downloaded from the App Store or Google Play.

Please note, that if you want to change your current delegate then it takes from 5 up to 20 days to unstake your ICX tokens.

Moreover, the ICON network doesn’t have a minimum staking amount, so users even with a small number of ICX tokens can participate in the staking process.

Once you install the application, choose to create a new wallet.

Select to create the ICX wallet, enter the desired password, download your wallet Keystore files and a private key.

Once you will be in the main menu click on ‘Thumbs up’ button and choose to ‘Stake’.

In the staking menu you can choose the desired amount of ICX you would like to stake by dragging the slider.

Choose the appropriate amount and click the ‘Submit Button’.

It’s also important to mention, that you may be getting an error during the staking process which is caused by the system clock which differs from your current time zone. In this case, the network will reject your staking attempt until you synchronize your clock with your current geolocation.

Please allow up to an hour for your stake to get confirmed by the network.

* * *

Everstake is one of the ICON P-reps! Please support us with your vote!
Every single vote matters for us, allowing us to continue developing tools for ICON blockchain and supporting the East European community. If you have any questions, feel free to reach out to our ICON Blockchain Manager on Twitter.

Staking with ICONex Web Wallet
Staking with ICONex Mobile Wallet
Staking with Ledger
How to get ICX rewards
ICON FAQ

Dark - Light
Everstake Logo
Everstake
Content Manager
Everstake is the world's leading validator, with 735,000+ delegators across 77 blockchain networks. We stake $4.8 billion in assets and provide best-in-class staking services to institutional and retail clients.

Contact us

Have questions?
We’re always there to answer!

contact us
Our distributed team of 20+ community managers is online 24/7 and is ready to assist you.
quote avatar

We’d love to hear your thoughts.

Your opinion matters. Share any concerns, issues, or suggestions you may have with us so that Everstake could work on them, and your experience could improve.
Give FEEDBACK