Avalanche $AVAX delegation guide by MyCointainer (cold staking)

Anyone can delegate & stake $AVAX following a few simple steps.

This guide covers delegation guides using Avalanche Wallet.

Step 1: Create or login to your Avalanche Wallet

Go to the Avalanche Wallet and hit “CREATE NEW WALLET” or “ACCESS WALLET” if you already have it (proceed to Step 2).

The next step will generate your 24-word key phrase, write it down, and keep it somewhere safe! Note that whoever has access to your key phrase ultimately has access to your funds. In case you lost your back up key phrase, you won’t be able to retrieve your wallet.

In the subsequent window, fill in the blanks using your key phrase, click “Verify” and then click “Access Wallet”.

Step 2: Transfer funds to the P-Chain

Transfer coins to your Avalanche Wallet. If your AVAX tokens are already on the Exchange Chain (X-Chain), you will need to transfer them to the Platform Chain (P-Chain) in order to be able to delegate them.

The difference between the X-Chain and the P-Chain is that X-Chain is where digital assets are launched and traded, whilst the P-chain is where staking is managed.

To execute the transfer head over to the “Earn” section from the Avalanche Wallet side menu and hit “TRANSFER” in the Cross Chain Transfer section, or simply click “Cross Chain” from the menu on the left side.

Transfer to the P-Chain at least 25 AVAX, as this is the minimum required delegation/stakes. Also, please consider the transfer fees into account when deciding on the amount that you want to send!

After the transfer is completed you’re all set up and ready to delegate!

Step 3: Delegate to MyCointainer node

In order to start delegating, hit the “ADD DELEGATOR” button in the “Delegate” section. You will see a list of validators, organized according to Node ID.

Just copy-paste MyCointainer delegation Node ID into the “Search Node ID” bar and click “Select”:
NodeID-7yBDXjCcqHCnfqC8LfQ1oL9Yyx1se2Rj9

After choosing MyCointainer node, you need to set the parameters of your delegation:

Staking Period: set the timeframe in which your tokens will be locked (please check “Stake End Date” and delegate coins to the day before the end date)(your tokens will not be liquid during the staking period). The minimum staking period is 2 weeks. Increase the staking period for at least 3 months and enjoy additional rewards from MyCointainer.

Staking Amount: set the amount of tokens that you’re locking (minimum 25 AVAX).

The next step is to confirm your delegation then hit the “CONFIRM” button to make it official. And that’s it, you’re now a Delegator on the Avalanche Primary Network!

Why delegate to the MyCointainer node?

MyCointainer is a regulated, experienced validator of more than 100+ assets available on the platform. Advanced architecture and years of experience on the market ensures full security of the funds.

An advantage of cold staking is you are still in control of the coins you own and your rewards will retain in your safekeeping. MyCointainer node cannot access your NGM funds and will not have any portion of your stake rewards.

Additional Benefits

Skip Staking Fee Token
To be applied for over 100 assets on MyCointainer Platform
+50% Reward Fees back
Directly to your MyCointainer Wallet
Lottery Ticket
For each delegation.

Each user who has delegated at least 25 AVAX for 3 months or more has a chance to win 250 EUR every month. To take advantage of additional benefits you must complete the form before the delegation.

For additional help with staking or to learn more about AVAX visit MyCointainer Avalanche asset page.

You can find all available MyCointainer validators here.