How to Stake Synternet (synt)

Introduction

Staking Synternet can be an excellent choice for those looking to hold synt 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 Synternet (synt) Tokens

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

   Plattform	Kryptowährung	Price
   Uphold	Synternet (synt)	0,02 APY
   BingX	Synternet (synt)	0,03 APY
   Bitpanda	Synternet (synt)	0,03 APY
   CoinEx	Synternet (synt)	0 APY
   Gate.io	Synternet (synt)	0 APY
   HTX	Synternet (synt)	0,01 APY

   View all 15 prices

2. 2. Select a Synternet Wallet

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

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	Synternet (synt)	Up to 5,92 % APY
   Stakin	Synternet (synt)	Up to 12,75 % APY

3. 3. Delegate Your synt

   We recommend using a staking pool when staking synt. It's simpler and faster to get started. A staking pool is a collective of validators who pool their synt, 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 Synternet network. For these validations, you will be rewarded with synt.

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.