How to Stake Sonic (prev. FTM) (S)

Introduction

Staking Sonic (prev. FTM) can be an excellent choice for those looking to hold S 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 Sonic (prev. FTM) (S) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	Sonic (prev. FTM) (S)	0,09 APY
   PrimeXBT	Sonic (prev. FTM) (S)	0,08 APY
   YouHodler	Sonic (prev. FTM) (S)	0,08 APY
   Binance	Sonic (prev. FTM) (S)	0,08 APY
   Coinbase	Sonic (prev. FTM) (S)	0,08 APY
   Kraken	Sonic (prev. FTM) (S)	0,08 APY

   Check out all 41 prices

2. 2. Select a Sonic (prev. FTM) Wallet

   Once you have S, you'll need to select a Sonic (prev. FTM) wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Sonic (prev. FTM) (S)	Up to 3,5% APY

   Discover all 5 staking rewards available to you

3. 3. Delegate Your S

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

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.