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How to Stake GMX (GMX) on Bybit

Bybit may not directly support GMX staking, but you can still use Bybit to buy GMX and transfer it for staking.

Current APY

14.0%

Price

$5.73

Platform Fee

Built

Platform Type

Exchange

Start Staking GMX on Bybit

Bybit handles all the technical setup.

Stake GMX on Bybit →

Step-by-Step: Stake GMX on Bybit

1

Create a Bybit account

Sign up at Bybit, complete identity verification (KYC), and secure your account with 2FA.

2

Deposit or buy GMX

Transfer GMX to your Bybit wallet, or buy it directly using fiat currency (bank transfer, card, etc.).

3

Navigate to Staking

Go to the staking or earn section on Bybit. Find GMX (GMX) in the list of available staking assets.

4

Choose your staking amount

Enter the amount of GMX you want to stake. Review the estimated APY, lock period, and any fees.

5

Confirm and start earning

Confirm the staking transaction. Your GMX will begin earning rewards, usually within 1–3 days. Rewards are typically auto-compounded.

Bybit for GMX Staking: Pros & Cons

Pros

  • + High liquidity and competitive Earn rates
  • + 40+ stakeable assets
  • + Dual Investment and Launchpad bonuses
  • + 24/7 customer support

Cons

  • - Not available in the US, UK, and some EU countries
  • - Custodial
  • - Primarily known for derivatives — staking is secondary

FAQ: GMX Staking on Bybit

What APY can I earn staking GMX on Bybit?
The current estimated APY for GMX staking is around 14.0%. Actual rates vary based on network conditions, validator performance, and Bybit's fee structure (Built into rates).
Is staking GMX on Bybit safe?
Bybit is a custodial exchange with a medium risk profile for GMX staking. As a custodial platform, they manage your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake GMX from Bybit?
Unstaking times depend on the network: Flexible and locked terms. During the unstaking period, your GMX won't earn rewards.
What fees does Bybit charge for GMX staking?
Bybit charges Built into rates. These fees are typically deducted from your staking rewards automatically.
Can I stake GMX on other platforms?
Yes! You can compare all available platforms for GMX staking on our How to Stake GMX guide. Different platforms offer different APY rates, fees, and custody models.