How to Stake Sonic (prev. FTM) (S): A Step-by-Step Guide for German Investors

Introduction

Staking Sonic (prev. FTM) can be an excellent choice for those looking to hold S 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've created this guide to assist you.

Step-by-Step Anleitung

1. Acquire Sonic (prev. FTM) (S) Tokens

To stake Sonic (prev. FTM), you first need to acquire it. To obtain Sonic (prev. FTM), you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

Plattform	Kryptowährung	Price
Nexo	Sonic (prev. FTM) (S)	0,08 APY
PrimeXBT	Sonic (prev. FTM) (S)	0,08 APY
YouHodler	Sonic (prev. FTM) (S)	0,08 APY
Binance	Sonic (prev. FTM) (S)	0,08 APY
Coinbase	Sonic (prev. FTM) (S)	0,08 APY
Kraken	Sonic (prev. FTM) (S)	0,08 APY

View all 41 prices

2. Select a Sonic (prev. FTM) Wallet
Once you have S, you'll need to select a Sonic (prev. FTM) wallet to securely store your tokens. Here are some solid options to consider.
Plattform Kryptowährung Staking rewards
Binance Sonic (prev. FTM) (S) Up to 3,5 % APY
Discover all 5 staking rewards available
3. Delegate Your S
We recommend using a staking pool when staking S. It's simpler and faster to get started. A staking pool is a collective of validators who pool their S, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Sonic (prev. FTM) network. For these validations, you will be rewarded with S.

Plattform	Kryptowährung	Staking rewards
Binance	Sonic (prev. FTM) (S)	Up to 3,5 % APY

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.