Earn up to
2% APY on your investments.
An in-depth guide on how to stake Synthetix Network (SNX) in Italy
We have a wealth of information on staking Synthetix Network (SNX) and we are pleased to share some of this with you.
We present you with various staking options featuring different cryptocurrencies that may pique your interest.
Synthetix Network (SNX) is currently priced at US$2 with a 24-hour trading volume of US$38.11M. The market cap of Synthetix Network stands at US$614.86M, with 339,47M SNX in circulation. For those looking to buy or trade Synthetix Network, FMFW.io offers avenues to do so securely and efficiently
Staking Synthetix Network can be an excellent choice for those looking to hold SNX 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.
To stake Synthetix Network, you must first acquire it. To obtain Synthetix Network, you'll need to buy it. You can select from these well-known exchanges available in Italy.
| Piattaforma | Criptovaluta | Value |
|---|---|---|
| Nexo | Synthetix Network (SNX) | 0,47 APY |
| PrimeXBT | Synthetix Network (SNX) | 0,47 APY |
| YouHodler | Synthetix Network (SNX) | 0,47 APY |
| Binance | Synthetix Network (SNX) | 0,47 APY |
| BTSE | Synthetix Network (SNX) | 0,47 APY |
| Coinbase | Synthetix Network (SNX) | 0,47 APY |
Once you have SNX, you'll need to select a Synthetix Network wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
We recommend using a staking pool when staking SNX. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their SNX, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Synthetix Network network. For these validations, you'll receive rewards in SNX.
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.
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