How to Stake Syscoin (SYS)

Introduction

Staking Syscoin can be an excellent choice for those looking to hold SYS 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 Syscoin (SYS) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Syscoin (SYS)	0,03 APY
   BingX	Syscoin (SYS)	0,03 APY
   Bitget	Syscoin (SYS)	0,03 APY
   Bitmart	Syscoin (SYS)	0,06 APY
   Bitpanda	Syscoin (SYS)	0,13 APY
   Bybit	Syscoin (SYS)	0,03 APY

   Check out all 25 prices

2. 2. Select a Syscoin Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   MyCointainer	Syscoin (SYS)	Up to 4,48% APY

3. 3. Delegate Your SYS

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

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.