How to Stake Songbird (SGB)

Introduction

Staking Songbird can be an excellent choice for those looking to hold SGB 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 Songbird (SGB) Tokens

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

   Piattaforma	Criptovaluta	Value
   YouHodler	Songbird (SGB)	0 APY
   Kraken	Songbird (SGB)	0 APY
   Uphold	Songbird (SGB)	0,01 APY
   Bitstamp	Songbird (SGB)	0 APY
   CoinEx	Songbird (SGB)	0 APY
   Gate.io	Songbird (SGB)	0 APY

   Check out all 14 prices

2. 2. Select a Songbird Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Uphold	Songbird (SGB)	Up to 6,06% APY

3. 3. Delegate Your SGB

   We recommend using a staking pool when staking SGB. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their SGB, 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 Songbird network. For these validations, you'll receive rewards in SGB.

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.