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 might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Syscoin (SYS) Tokens

   To stake Syscoin, you first need to acquire it. To obtain Syscoin, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Binance	Syscoin (SYS)	0.04 APY
   BingX	Syscoin (SYS)	0.04 APY
   Bitget	Syscoin (SYS)	0.04 APY
   Bitmart	Syscoin (SYS)	0.06 APY
   Bitpanda	Syscoin (SYS)	0.13 APY
   Bybit	Syscoin (SYS)	0.04 APY

   See all 25 prices in Uganda

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 reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   MyCointainer	Syscoin (SYS)	Up to 4.48% APY

3. 3. Delegate Your SYS

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

4. 4. Start Validating

   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. You'll be rewarded with SYS for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.