How to Stake Syscoin (SYS)

Introduction

Staking Syscoin can be an excellent choice for those 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Syscoin (SYS) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Syscoin (SYS)	0,04 APY
   BingX	Syscoin (SYS)	0,04 APY
   Bitget	Syscoin (SYS)	0,04 APY
   Bitmart	Syscoin (SYS)	0,06 APY
   Bitpanda	Syscoin (SYS)	0,13 APY
   Bybit	Syscoin (SYS)	0,04 APY

   View all 25 prices

2. 2. Select a Syscoin Wallet

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

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	Syscoin (SYS)	Up to 4,48 % APY

3. 3. Delegate Your SYS

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

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.