How to Stake The Sandbox (SAND)

Introduction

Staking The Sandbox can be an excellent choice for those looking to hold SAND 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 The Sandbox (SAND) Tokens

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

   Plattform	Kryptowährung	Price
   Nexo	The Sandbox (SAND)	0,31 APY
   PrimeXBT	The Sandbox (SAND)	0,3 APY
   YouHodler	The Sandbox (SAND)	0,3 APY
   Uphold	The Sandbox (SAND)	0,28 APY
   OKX	The Sandbox (SAND)	0,28 APY
   Binance	The Sandbox (SAND)	0,3 APY

   View all 65 prices

2. 2. Select a The Sandbox Wallet

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

   Plattform	Kryptowährung	Staking rewards
   YouHodler	The Sandbox (SAND)	Up to 7 % APY

   Discover all 6 staking rewards available

3. 3. Delegate Your SAND

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

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.