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 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 Syscoin (SYS) Tokens

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

   Platform	Mint	Cost
   Binance	Syscoin (SYS)	0,02
   BingX	Syscoin (SYS)	0,02
   Bitget	Syscoin (SYS)	0,02
   Bitmart	Syscoin (SYS)	0,06
   Bitpanda	Syscoin (SYS)	0,13
   Bybit	Syscoin (SYS)	0,02

   View all 25 prices

2. 2. Select a Syscoin Wallet

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

   Platform	Mint	Staking rewards in South Africa
   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 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.