How to Stake Shiden Network (SDN)

Introduction

Staking Shiden Network can be an excellent choice for those looking to hold SDN while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Shiden Network (SDN) Tokens

   To stake Shiden Network, you first need to acquire it. To obtain Shiden Network, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Kraken	Shiden Network (SDN)	0,05
   CoinEx	Shiden Network (SDN)	0,09
   Crypto.com	Shiden Network (SDN)	0,04
   Gate.io	Shiden Network (SDN)	0,05
   MEXC Global	Shiden Network (SDN)	0,05

   View all 10 prices

2. 2. Select a Shiden Network Wallet

   Once you have SDN, you'll need to choose a Shiden Network wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   MyCointainer	Shiden Network (SDN)	Up to 13,8% APY

3. 3. Delegate Your SDN

   We recommend using a staking pool when staking SDN. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their SDN, 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 Shiden Network network. You'll be rewarded with SDN for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.