How to Stake Songbird (SGB) in Australia

Introduction

Staking Songbird can be a great option for those who want to hold SGB 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 Songbird (SGB) Tokens

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

   Platform	Coin	Cost
   YouHodler	Songbird (SGB)	0
   Kraken	Songbird (SGB)	0
   Uphold	Songbird (SGB)	0.01
   Bitstamp	Songbird (SGB)	0
   CoinEx	Songbird (SGB)	0
   Gate.io	Songbird (SGB)	0

   See all 14 prices

2. 2. Choose a Songbird Wallet

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

   Platform	Coin	Staking returns
   Uphold	Songbird (SGB)	Up to 6.06% % p.a.

3. 3. Delegate Your SGB

   We recommend using a staking pool when staking SGB. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SGB, 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 Songbird network. You'll be rewarded with SGB 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.