How to Stake Symbol (XYM) in Vietnam

Introduction

Staking Symbol is an excellent choice for those looking to hold XYM while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.

Comprehensive Guide

1. 1. Acquire Symbol (XYM) Tokens

   To stake Symbol, you first need to acquire it. You can purchase Symbol from various popular exchanges.

   Platform	Coin	Cost
   BingX	Symbol (XYM)	0.01
   Bitpanda	Symbol (XYM)	0.03
   CoinEx	Symbol (XYM)	0.01
   FMFW.io	Symbol (XYM)	0.01
   Gate.io	Symbol (XYM)	0.01
   Kucoin	Symbol (XYM)	0.01

   View all 15 prices

2. 2. Select a Symbol Wallet

   Once you have XYM, you'll need to select a Symbol wallet to keep your tokens safe. Here are some great options.

   Platform	Coin	Staking benefits
   Kucoin	Symbol (XYM)	Earn up to 3.8% APY

3. 3. Delegate Your XYM

   We suggest using a staking pool for staking XYM. It's easier and quicker to start. A staking pool consists of validators who pool their XYM, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 4. Begin Validation

   You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Symbol network. You will be rewarded with XYM for these validations.

Key Considerations

Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.