How to Stake Symbol (XYM) in the UK

Introduction

Staking Symbol can be an excellent option for those who wish to hold XYM 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 Symbol (XYM) Tokens

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

   Platform	Coin	Price
   BingX	Symbol (XYM)	0.01
   Bitpanda	Symbol (XYM)	0.03
   CoinEx	Symbol (XYM)	0
   FMFW.io	Symbol (XYM)	0.01
   Gate.io	Symbol (XYM)	0
   Kucoin	Symbol (XYM)	0.01

   View all 15 prices

2. 2. Choose a Symbol Wallet

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

   Platform	Coin	Staking rewards
   Kucoin	Symbol (XYM)	Up to 3.8% AER

3. 3. Delegate Your XYM

   We recommend using a staking pool when staking XYM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their XYM, 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 Symbol network. You will be rewarded with XYM 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.