How to Stake Symbol (XYM)

Introduction

Staking Symbol can be an excellent choice for those looking to hold XYM 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. 1. Acquire Symbol (XYM) Tokens

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

   Plattform	Kryptowährung	Price
   BingX	Symbol (XYM)	0,01 APY
   Bitpanda	Symbol (XYM)	0,03 APY
   CoinEx	Symbol (XYM)	0 APY
   FMFW.io	Symbol (XYM)	0,01 APY
   Gate.io	Symbol (XYM)	0 APY
   Kucoin	Symbol (XYM)	0,01 APY

   View all 15 prices

2. 2. Select a Symbol Wallet

   Once you have XYM, you'll need to select a Symbol wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Kucoin	Symbol (XYM)	Up to 3,8 % APY

3. 3. Delegate Your XYM

   We recommend using a staking pool when staking XYM. It's simpler and faster to get started. A staking pool is a collective of validators who pool their XYM, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 Symbol network. For these validations, you will be rewarded with XYM.

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.