How to Stake Synternet (synt) in Australia

Introduction

Staking Synternet can be a great option for those who want to hold synt 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 Synternet (synt) Tokens

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

   Platform	Coin	Cost
   Uphold	Synternet (synt)	0.02
   BingX	Synternet (synt)	0.03
   Bitpanda	Synternet (synt)	0.03
   CoinEx	Synternet (synt)	0
   Gate.io	Synternet (synt)	0
   HTX	Synternet (synt)	0.01

   See all 15 prices

2. 2. Choose a Synternet Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Synternet (synt)	Up to 5.92% % p.a.
   Stakin	Synternet (synt)	Up to 12.75% % p.a.

3. 3. Delegate Your synt

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