If you want to earn rewards while supporting a growing crypto project, staking Onyxcoin (XCN) might be the perfect choice. Onyxcoin is not just any token. It powers the entire Onyx Protocol and its ecosystem of products.
You can use XCN for discounts, premium access, and to pay fees on Sequence, which is a special ledger service for businesses. More than that, XCN gives you the power to help guide the future of the Onyx platform through the Onyx DAO.
When you stake your XCN, you do more than just hold your coins. You lock them up to help secure the network and, in return, you earn extra XCN as rewards. You also get the chance to vote on important decisions, such as Onyx Improvement Proposals or grants from the DAO treasury. Staking is your way to play an active role in Onyx’s future while growing your holdings at the same time.
How to Stake Onyxcoin (XCN)?
Staking Onyxcoin allows you to earn passive income while directly supporting the network’s security. The process is simple and can be done through various wallets and platforms that offer competitive returns.
Buy Onyxcoin (XCN) on a Supported Exchange
Start by acquiring XCN tokens from a reputable cryptocurrency exchange. Onyxcoin is available on several trusted platforms, including:
- Uphold
- Kraken
- Coinbase
- MEXC
- Bitget
- Bitmart
After purchasing your XCN, ensure the tokens are stored in your exchange wallet before moving them to a staking platform.
Choose a Wallet or Platform That Supports XCN Staking
Select a staking wallet or platform based on the return rate, ease of use, and reward frequency. You can use:
- MyCointainer – Offers one of the highest APYs at up to 34.85%
- Kraken – Provides around 13.1% APY, with in-app bonuses that can go up to 20%
- Gate.io – Centralised exchange offering around 6.36% APR
- HTX – Offers up to 20% APR for staking XCN
Make sure the platform you pick has a good reputation and clear instructions for XCN staking.
Transfer XCN to Your Staking Wallet or Platform
Once you’ve chosen your staking provider, transfer your XCN from the exchange to the deposit address given by the staking platform. Double-check the wallet address to avoid errors. Always verify the network type and confirm the transaction before proceeding.
Delegate to a Validator or Pool
Use the platform’s staking dashboard to delegate your tokens. Choose a validator or pool with a solid track record and stable performance. Enter the number of XCN you wish to stake and confirm the delegation. Your tokens will be locked, and the staking process will begin immediately.
Earn Rewards After Confirmation
After the network validates your transaction, your staked XCN starts earning rewards. Platforms like MyCointainer and Atomic Wallet automatically distribute rewards at regular intervals. Your earnings depend on the platform’s APY and the validator’s performance.
Monitor and Claim Your Rewards
Keep track of your staked tokens and accumulated rewards using the platform’s dashboard. Some platforms automatically compound your returns, while others allow you to manually claim and re-stake your rewards. Regular monitoring helps you maximise returns and stay updated with any changes to reward rates.
Popular Video Guides on Staking Onyxcoin (XCN)
Best Places to Stake Onyxcoin (XCN)
Here’s where you can stake your Onyxcoin tokens easily:
Kraken is a global cryptocurrency exchange that offers secure and reliable trading and staking services. It supports a wide range of digital assets, including Onyxcoin (XCN). The platform enables users to stake their coins directly through a simple interface while keeping full visibility of their rewards. Kraken provides both flexible and fixed-term staking options, allowing users to choose based on their needs. It uses strong security practices to protect user assets and data.
Pros:
- User-friendly platform with clear reward tracking.
- Supports both flexible and fixed-term staking options.
- Strong reputation for security and platform reliability.
- Fast and simple setup process for new users.
Cons:
- Limited staking options compared to DeFi platforms.
- Some staking rewards may vary based on network changes.
- Users must complete identity verification to stake.
- Fixed-term options may restrict early withdrawals.
MyCointainer offers a secure staking platform that supports over 120 Proof‑of‑Stake assets, including niche tokens such as Onyxcoin. The platform allows both custodial and cold‑stake delegation, giving you flexible options. It integrates fiat on‑ramps, comes with a mobile app, and lets you earn rewards automatically. A subscription tier can eliminate staking fees, and the interface remains clear and intuitive throughout.
Pros:
- Supports staking of Onyxcoin along with 120+ PoS assets.
- Offers both custodial and cold (non‑custodial) staking.
- Offers low minimum stake (about €1) and no enforced lock‑ups.
- Provides mobile app plus fiat on‑ramp and cashback features.
- Subscription tier (Power) can remove staking fees.
Cons:
- Fee structure lacks clarity and varies per token.
- Web interface can appear glitchy at times.
- Cold staking excludes some popular tokens.
- Recent reviews report withdrawal and support issues.
Gate is a global cryptocurrency exchange that offers users the ability to buy, trade, and stake a wide range of digital assets, including Onyxcoin (XCN). The platform features a dedicated “HODL & Earn” section where users can earn rewards by staking tokens directly. Gate.io supports flexible and fixed staking terms, giving users control over how long they want to commit their assets. The platform also includes built-in risk management tools to protect user funds. (Source: gate.io)
Pros:
- Offers support for staking Onyxcoin and other major assets.
- Provides both flexible and fixed staking options.
- High interest rates on selected staking products.
- User interface is easy to navigate for beginners.
- Regular promotions increase earning potential.
Cons:
- Interfaces may appear crowded with features.
- KYC verification is required for staking.
- Limited educational resources for new stakers.
- High demand products may sell out quickly.
Benefits of Staking Onyxcoin (XCN)
Staking Onyxcoin (XCN) is more than just a way to earn passive income. It gives you access to powerful rewards, strengthens the protocol, and opens the door to exclusive ecosystem perks. Whether you’re a long-term investor or just starting out, staking XCN helps you take an active role in the network’s growth. Here’s a detailed look at the key benefits you gain by staking Onyxcoin.
Earn High Passive Yields
Onyxcoin offers one of the most competitive annual percentage yields (APYs) in the crypto space. Platforms like MyCointainer currently offer up to 34.85% APY on your XCN holdings. These high returns make staking an attractive alternative to simply holding your tokens. As your rewards compound over time, your total balance can grow significantly without the need for active trading.
Strengthen the Network’s Security
When you stake XCN, you actively participate in Onyxcoin’s proof-of-stake consensus mechanism. This helps validate transactions, prevents fraudulent activity, and keeps the network decentralised. Your staked tokens contribute to the protocol’s defence against attacks, ensuring that every transaction remains secure and reliable for the entire community.
Gain Voting Rights Through Governance
Staked Onyxcoin also functions as a governance token. By holding XCN in a staking pool, you gain the ability to vote on key decisions within the Onyx DAO. These include proposals for protocol upgrades, treasury allocations, and ecosystem funding. Stakers may also enjoy discounts on premium tools within the Onyx Cloud product suite.
Benefit From Predictable, On-Chain Rewards
Unlike unpredictable reward models, staking Onyxcoin provides consistent and transparent payouts. The Onyx Distribution smart contract releases 100 million XCN monthly while the staking programme is active. Since this process is entirely on-chain, anyone can verify the payout history, ensuring transparency and reliability in how rewards are distributed.
Enjoy Flexible Compounding and Lock-Up Options
Staking Onyxcoin offers flexibility that fits your investment goals. Some platforms allow you to auto-compound rewards, helping you grow your stake passively. You can also choose from different lock-up periods, ranging from instant access to longer-term commitments, depending on whether you prefer liquidity or higher returns.
Help Reduce Sell Pressure on the Market
When you stake your tokens, they are temporarily removed from circulation. This limits the available supply on exchanges, reducing short-term sell pressure. As a result, this supply-side support can help maintain or increase XCN’s price stability, especially during volatile market periods.
Unlock Ecosystem Perks and Airdrop Access
Staking Onyxcoin often gives you early access to special campaigns and giveaways. Long-term stakers frequently receive exclusive NFT drops, participate in liquidity-mining programmes, or qualify for token airdrops initiated by the Onyx community. These perks make staking a valuable gateway to deeper engagement in the Onyx ecosystem.
Frequently Asked Questions
What Type Of Wallet Do I Need To Stake Onyxcoin?
Staking Onyxcoin requires a wallet that supports its staking protocol. Ideally, you should use the official Onyxcoin wallet or other reputable wallets known for staking features. These wallets provide an easy-to-use interface for managing your ONYX tokens and tracking staking rewards. Additionally, they prioritise security by offering encryption and backup options, ensuring your assets remain safe while you earn rewards through the staking process.
Is There A Minimum Amount Of Onyxcoin Required To Stake?
Yes, most staking systems, including Onyxcoin, often have a minimum staking requirement to participate. This ensures the network remains secure and that participants have a meaningful stake. The exact minimum amount can vary based on network conditions or platform guidelines. It’s important to review the latest staking requirements on the official Onyxcoin site or in your wallet to confirm you meet the minimum threshold before attempting to stake your tokens.
How Long Does It Take To Start Earning Rewards From Staking Onyxcoin?
The time it takes to begin earning staking rewards with Onyxcoin can depend on network conditions and the specific staking period chosen. Typically, after staking your tokens, there may be an initial waiting period, often called a “warm-up” or “bonding” phase. Once this completes, your tokens start generating rewards at regular intervals, providing a steady stream of earnings for supporting the network through staking activities.
What Kind Of Returns Can I Expect From Staking Onyxcoin?
The returns you can earn from staking Onyxcoin will depend on several factors, including the total amount staked across the network, current reward rates, and any fees charged by staking platforms. While staking offers a relatively passive way to earn additional ONYX tokens, reward rates can fluctuate over time. Always check the most recent details provided by Onyxcoin to ensure you have realistic expectations about potential earnings.
Can I Unstake My Onyxcoin At Any Time?
Unstaking your Onyxcoin typically involves observing a mandatory waiting period, known as an “unbonding” phase. This period helps protect the network from rapid withdrawal shocks and ensures long-term commitment from stakers. The exact duration can vary, so it’s best to confirm details in your staking wallet or the official Onyxcoin resources. Planning for this delay is important, especially if you might need quick access to your funds.
