How to Stake Shiden Network (SDN)

Introduction

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

Step-by-Step Guide for Italian Investors

1. 1. Acquire Shiden Network (SDN) Tokens

   To stake Shiden Network, you must first acquire it. To obtain Shiden Network, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Kraken	Shiden Network (SDN)	0,03 APY
   CoinEx	Shiden Network (SDN)	0,09 APY
   Crypto.com	Shiden Network (SDN)	0,03 APY
   Gate.io	Shiden Network (SDN)	0,03 APY
   MEXC Global	Shiden Network (SDN)	0,03 APY

   Check out all 10 prices

2. 2. Select a Shiden Network Wallet

   Once you have SDN, you'll need to select a Shiden Network wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   MyCointainer	Shiden Network (SDN)	Up to 13,8% APY

3. 3. Delegate Your SDN

   We recommend using a staking pool when staking SDN. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their SDN, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   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 Shiden Network network. For these validations, you'll receive rewards in SDN.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.