How to Stake Syscoin (SYS) in Australia

Introduction

Staking Syscoin can be a great option for those who want to hold SYS 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 Syscoin (SYS) Tokens

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

   Platform	Coin	Cost
   Binance	Syscoin (SYS)	0.02
   BingX	Syscoin (SYS)	0.02
   Bitget	Syscoin (SYS)	0.02
   Bitmart	Syscoin (SYS)	0.06
   Bitpanda	Syscoin (SYS)	0.13
   Bybit	Syscoin (SYS)	0.02

   See all 25 prices

2. 2. Choose a Syscoin Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Syscoin (SYS)	Up to 4.48% % p.a.

3. 3. Delegate Your SYS

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