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An in-depth guide on the best way to stake NOIA.
We have a lot of data on staking Synternet and we share some of this with you.
We show you some staking options with other coins that could be of interest.
Staking Synternet can be a great option for those who want to hold NOIA but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
In order to stake Synternet, you need to have it. To obtain Synternet, you'll need to purchase it. You can choose from these popular exchanges.
Once you have NOIA, you’ll need to choose a Synternet wallet to store your tokens. Here are some good options.
We recommend using a staking pool when staking NOIA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their NOIA, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Synternet network. You’ll be rewarded with NOIA for these validations.
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
