guide-how-to-stake-icx.md

Guide: How to stake ICX

🏁 1. Prerequisites

ICX tokens stored on a local wallet. You control the seed/private keys.

{% hint style="warning" %} Remember, it's best practice to always withdraw coins from an Exchange. {% endhint %}

🌜 2. Install and use a compatible wallet

{% page-ref page="../../wallets/browser-wallets/iconex-icon.md" %}

🗳 3. Vote with your stake

{% hint style="info" %} For this example, we will stake with Ledger Nano. Now plug in your Ledger, type the PIN code, open the Icon app. {% endhint %}

{% hint style="success" %} ICONex is currently the easiest way to stake, vote, and claim rewards. It's also very safe because your coins never leave your control. {% endhint %}

1. Open the ICONex wallet in your web browser.

2. Click on the ICONex Wallet logo in the top right. See below.

4. Click Connect to Ledger

5. Click Connect to Ledger

6. Click Vote on the account you wish to use.

7. Click My Status tab

8. Under Stake section**,** click Adjust button

9. Adjust the Amount to Stake with the - + buttons

10. Click Complete

11. Review and Confirm the transaction on your Ledger

12. Click Complete

13. Request for stake has completed. Click Close

14. Under Vote section, click Vote button

15. Add the P-Rep you would like to vote for with the + button

16. Notice the P-Rep is now added to your choices. Click their name. Adjust the amount of votes by using the - + buttonsor type the # of votes. See example below.

{% hint style="info" %} If you want to vote for multiple P-Reps, repeat steps 15 and 16. {% endhint %}

16. Click Vote Button

17. Review and Confirm the transaction on your Ledger

18. Click Complete

19. Click Close. Vote Request complete. 🎉

🎆 4. Claiming your Rewards

1. Under the I-Score section, click the Claim button

2. Click Claim

3. Review then Confirm the transaction on your Ledger Nano

4. Click Complete

5. Request for Claim has been completed. Click Close 🎉

{% hint style="success" %} With your newly claimed ICX rewards, you can stake them,and then cast even more votes for more rewards. {% endhint %}

🏁 5. Unstake ICX

If you need to free up some coins to transfer, you might need to unvote then unstake.

1. In the My Votes section of the wallet, decrease your votes to a P-Rep by how many coins you want to unstake. For example, if you want to unstake 1000 ICX, then subtract 1000 votes from a P-Rep.

2. Click Vote button to complete.

3. In the Stake section, click the - button to reduce your stake. See below.

4. Click the Complete button to finish.

{% hint style="warning" %} Unstaked ICX coins require 11 days before they are released and available for transfer. Plan ahead! 🤖 {% endhint %}