How to Stake Shiden Network (SDN) in Australia

Introduction

Staking Shiden Network can be a great option for those who want to hold SDN while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Shiden Network (SDN) Tokens

   To stake Shiden Network, you need to own it. To obtain Shiden Network, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Kraken	Shiden Network (SDN)	0.03
   CoinEx	Shiden Network (SDN)	0.09
   Crypto.com	Shiden Network (SDN)	0.02
   Gate.io	Shiden Network (SDN)	0.03
   MEXC Global	Shiden Network (SDN)	0.03

   See all 10 prices

2. 2. Choose a Shiden Network Wallet

   Once you have SDN, you'll need to choose a Shiden Network wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   MyCointainer	Shiden Network (SDN)	Up to 13.8% % p.a.

3. 3. Delegate Your SDN

   We recommend using a staking pool when staking SDN. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SDN, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 Shiden Network network. You'll be rewarded with SDN for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.