Earn up to
4.48% APY in Canada
An in-depth guide on how to stake Syscoin (SYS) in Canada
We have a wealth of information on staking Syscoin (SYS) and we're excited to share some of this with you.
We present you with various staking options featuring other cryptocurrencies that may pique your interest.
Syscoin (SYS) is currently priced at US$4.48 with a 24-hour trading volume of US$2.34M. The market cap of Syscoin stands at US$87.8M, with 801.87M SYS in circulation. For those looking to buy or trade Syscoin, MyCointainer offers avenues to do so securely and efficiently
Staking Syscoin can be an excellent choice for Canadians looking to hold SYS while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
To stake Syscoin, you first need to acquire it. To obtain Syscoin, you'll need to purchase it from one of these popular Canadian 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 |
Once you have SYS, you'll need to choose a Syscoin wallet to store your tokens. Here are some great options available in Canada.
| Platform | Coin | Staking rewards in Canada |
|---|---|---|
| MyCointainer | Syscoin (SYS) | Up to 4.48% APY in Canada |
We recommend using a staking pool when staking SYS. It's simpler and faster to get started. A staking pool is a group of validators who combine their SYS, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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.
In Canada, it's important to consider transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
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