How to Stake Songbird (SGB) in the UK

Introduction

Staking Songbird can be an excellent option for those who wish to hold SGB while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Songbird (SGB) Tokens

   To stake Songbird, you need to possess it. To obtain Songbird, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   YouHodler	Songbird (SGB)	0
   Kraken	Songbird (SGB)	0
   Uphold	Songbird (SGB)	0.01
   Bitstamp	Songbird (SGB)	0
   CoinEx	Songbird (SGB)	0
   Gate.io	Songbird (SGB)	0

   View all 14 prices

2. 2. Choose a Songbird Wallet

   Once you have SGB, you'll need to choose a Songbird wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   Uphold	Songbird (SGB)	Up to 6.06% AER

3. 3. Delegate Your SGB

   We recommend using a staking pool when staking SGB. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SGB, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the Songbird network. You will be rewarded with SGB for these validations.

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.