Earn up to
7% APY in Canada
An in-depth guide on how to stake The Sandbox (SAND) in Canada
We have a wealth of information on staking The Sandbox (SAND) 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.
The Sandbox (SAND) is currently priced at US$7 with a 24-hour trading volume of US$213.44M. The market cap of The Sandbox stands at US$1.41B, with 2.45B SAND in circulation. For those looking to buy or trade The Sandbox, YouHodler offers avenues to do so securely and efficiently
Staking The Sandbox can be an excellent choice for Canadians looking to hold SAND 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 The Sandbox, you first need to acquire it. To obtain The Sandbox, you'll need to purchase it from one of these popular Canadian exchanges.
Once you have SAND, you'll need to choose a The Sandbox wallet to store your tokens. Here are some great options available in Canada.
| Platform | Coin | Staking rewards in Canada |
|---|---|---|
| YouHodler | The Sandbox (SAND) | Up to 7% APY in Canada |
We recommend using a staking pool when staking SAND. It's simpler and faster to get started. A staking pool is a group of validators who combine their SAND, 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 The Sandbox network. You'll be rewarded with SAND 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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