How to Stake The Sandbox (SAND) in Australia

Introduction

Staking The Sandbox can be a great option for those who want to hold SAND 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 The Sandbox (SAND) Tokens

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

   Platform	Coin	Cost
   Nexo	The Sandbox (SAND)	0.11
   PrimeXBT	The Sandbox (SAND)	0.11
   YouHodler	The Sandbox (SAND)	0.12
   Binance	The Sandbox (SAND)	0.11
   BTSE	The Sandbox (SAND)	0.11
   Coinbase	The Sandbox (SAND)	0.11

   See all 65 prices

2. 2. Choose a The Sandbox Wallet

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

   Platform	Coin	Staking returns
   YouHodler	The Sandbox (SAND)	Up to 7% % p.a.

   View all 6 staking rewards

3. 3. Delegate Your SAND

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