Earn up to
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An in-depth guide on how to stake Synthetix Network (SNX) in Germany
We have extensive data on staking Synthetix Network (SNX) and we are pleased to share some of this information with you.
We present you with various staking options featuring different coins that may pique your interest.
Synthetix Network (SNX) is currently priced at US$2 with a 24-hour trading volume of US$38.11M. The market cap of Synthetix Network stands at US$614.86M, with 339,47M SNX in circulation. For those looking to buy or trade Synthetix Network, FMFW.io offers avenues to do so securely and efficiently}
Staking Synthetix Network can be an excellent choice for those looking to hold SNX 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.
To stake Synthetix Network, you first need to acquire it. To obtain Synthetix Network, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.
| Plattform | Kryptowährung | Price |
|---|---|---|
| Nexo | Synthetix Network (SNX) | 0,47 APY |
| PrimeXBT | Synthetix Network (SNX) | 0,47 APY |
| YouHodler | Synthetix Network (SNX) | 0,47 APY |
| Binance | Synthetix Network (SNX) | 0,47 APY |
| BTSE | Synthetix Network (SNX) | 0,47 APY |
| Coinbase | Synthetix Network (SNX) | 0,47 APY |
Once you have SNX, you'll need to select a Synthetix Network wallet to securely store your tokens. Here are some solid options to consider.
We recommend using a staking pool when staking SNX. It's simpler and faster to get started. A staking pool is a collective of validators who pool their SNX, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Synthetix Network network. For these validations, you will be rewarded with SNX.
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.
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