How to Stake The Sandbox (SAND)

Introduction

Staking The Sandbox can be an excellent choice for those looking to hold SAND 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 The Sandbox (SAND) Tokens

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

   Platform	Mint	Cost
   Nexo	The Sandbox (SAND)	0,31
   PrimeXBT	The Sandbox (SAND)	0,31
   YouHodler	The Sandbox (SAND)	0,31
   Binance	The Sandbox (SAND)	0,31
   BTSE	The Sandbox (SAND)	0,31
   Coinbase	The Sandbox (SAND)	0,31

   View all 65 prices

2. 2. Select a The Sandbox Wallet

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

   Platform	Mint	Staking rewards in South Africa
   YouHodler	The Sandbox (SAND)	Up to 7% APY

   View all 6 staking rewards available

3. 3. Delegate Your SAND

   We recommend using a staking pool when staking SAND. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their SAND, 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 The Sandbox network. You'll be rewarded with SAND 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.