How to Stake Shiden Network (SDN) in India

Introduction

Staking Shiden Network can be an excellent choice for those looking to hold SDN while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Indian Investors

1. 1. Acquire Shiden Network (SDN) Tokens in India

   To stake Shiden Network, you first need to acquire it. To obtain Shiden Network, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   Platform	Coin	Cost
   Kraken	Shiden Network (SDN)	0.05
   CoinEx	Shiden Network (SDN)	0.09
   Crypto.com	Shiden Network (SDN)	0.05
   Gate.io	Shiden Network (SDN)	0.05
   MEXC Global	Shiden Network (SDN)	0.05

   See all 10 rates

2. 2. Choose a Shiden Network Wallet in India

   Once you have SDN, you'll need to choose a Shiden Network wallet to securely store your tokens. Here are some reliable options available in India.

   Platform	Coin	Staking rewards in India
   MyCointainer	Shiden Network (SDN)	Up to 13.8% APY

3. 3. Delegate Your SDN in India

   We recommend using a staking pool when staking SDN. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their SDN, increasing their chances of validating transactions and earning rewards. You can easily 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's confirmed, you will automatically validate transactions on the Shiden Network network. For these validations, you will be rewarded with SDN.

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.