Where and How to Stake Syscoin (SYS)

Introduction

Staking Syscoin can be a great option for those who want to hold SYS but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Syscoin (SYS) Tokens

   In order to stake Syscoin, you need to have it. To obtain Syscoin, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Syscoin (SYS)	0.10
   Binance	Syscoin (SYS)	0.10
   BingX	Syscoin (SYS)	0.10
   Bitmart	Syscoin (SYS)	0.09
   MEXC Global	Syscoin (SYS)	0.10
   Kucoin	Syscoin (SYS)	0.10

   See all 7 prices

2. 2. Choose a Syscoin Wallet

   Once you have SYS, you’ll need to choose a Syscoin wallet to store your tokens. Here are some good options.

   Platform	Coin	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 simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SYS, which gives them a higher chance of validating transactions and earning rewards. You can do 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 be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.