How to Stake Syscoin (SYS) for better returns

Introduction

Staking Syscoin can be an excellent choice for individuals 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-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Syscoin (SYS) Tokens

   To stake Syscoin, you first need to acquire it. To obtain Syscoin, you can purchase it from these well-known exchanges.

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

   View all 25 prices

2. 2. Select a Syscoin Wallet for Your Needs

   Once you have SYS, you'll need to select a Syscoin wallet to securely store your tokens. Here are some excellent options to consider.

   Platform	Coin	Staking returns
   MyCointainer	Syscoin (SYS)	Up to 4.48% APY

3. 3. Delegate Your SYS for Enhanced Returns

   We recommend utilizing a staking pool when staking SYS. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their SYS, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Syscoin network. For these validations, you will be rewarded with SYS.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.