Step 1: Go to Earn

Navigate to the Earn page on OKCoin. 

 

In the section Other offers you will see AVAX staking. 

Step 2: Deposit or buy AVAX

Now that you’re on the Earn page, click on the Deposit button for the AVAX offering to deposit AVAX into Earn. If you already own AVAX on OKCoin, you can follow the prompts to deposit your AVAX on Earn to start staking.

 

If you own AVAX, but not on OKCoin, you’ll need to deposit it into your OKCoin account to start. To do this, click on Assets in the upper right-hand corner and select Deposit. Select AVAX as your currency to deposit.

(Depositing AVAX from an external account onto OKCoin)

 

Once you’ve selected AVAX as your currency, you’ll need to copy the AVAX wallet address from OKCoin.

(Depositing AVAX from an external account onto OKCoin)

 

If you don’t have any AVAX, just click Deposit → Buy AVAX from the Earn page to purchase AVAX on OKCoin.

 

Once you have AVAX, you can continue the process to deposit your AVAX on Earn. You’ll see all the staking details when you deposit.

(AVAX staking details when you deposit AVAX on Earn)

 

Once your assets have been successfully deposited on Earn, you’ll receive a deposit confirmation message on your screen.

(Deposit confirmation on Earn)

 

Once you’ve deposited AVAX on OKCoin Earn to start staking, you can check the status of your deposit. You’ll see the exact date when your deposited AVAX will start earning rewards.

(When you deposit AVAX on Earn, your deposit will be pending and will only start earning once it has been staked.)

Step 3: Staking

Once your AVAX is staked, you’ll see your status change to “Earning.” That means your deposited AVAX is now earning. Rewards will be deposited into your account on a daily basis, according to how the protocol distributes rewards.

Your AVAX is staked according to the protocol rules over a 15 day period. If you want to redeem your AVAX before the end date, you will need to pay a penalty.

The penalty is equal to: 

 

5% * (remaining days / 15) * principle

 

If you do choose to prematurely redeem your AVAX, it will take up to 24 hours for your funds to be returned to your account. 

Step 4: AVAX Unlock

Your AVAX will unlock after 15 days. When it is unlocked it is automatically added back into your funding account.

 

If you want to stake your AVAX again, you will need to navigate to the Earn page again and deposit again to Earn.