How to Stake Sonic (prev. FTM) (S): A Step-by-Step Guide for Spain

Introduction

Staking Sonic (prev. FTM) can be an excellent choice for those looking to hold S while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. Acquire Sonic (prev. FTM) (S) Tokens

To stake Sonic (prev. FTM), you first need to acquire it. To obtain Sonic (prev. FTM), you'll have to buy it. You can select from these well-known exchanges.

Plataforma	Cripto	Price
Nexo	Sonic (prev. FTM) (S)	0,1 APY
PrimeXBT	Sonic (prev. FTM) (S)	0,1 APY
YouHodler	Sonic (prev. FTM) (S)	0,1 APY
Binance	Sonic (prev. FTM) (S)	0,1 APY
Coinbase	Sonic (prev. FTM) (S)	0,1 APY
Kraken	Sonic (prev. FTM) (S)	0,1 APY

Consulta todos los 41 precios

2. Select a Sonic (prev. FTM) Wallet
Once you have S, you'll need to choose a Sonic (prev. FTM) wallet to securely store your tokens. Here are some solid options to consider.
Plataforma Cripto Staking rewards
Binance Sonic (prev. FTM) (S) Hasta 3,5% APY
Consulta todas las 5 recompensas de staking
3. Delegate Your S
We recommend using a staking pool when staking S. It's simpler and faster to get started. A staking pool is a group of validators who combine their S, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Sonic (prev. FTM) network. You'll be rewarded with S for these validations.

Plataforma	Cripto	Staking rewards
Binance	Sonic (prev. FTM) (S)	Hasta 3,5% APY

What to Keep in Mind

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 will need to generate blocks, and this process can take some time.