How to Stake The Sandbox (SAND): A Step-by-Step Guide for South Africans

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. 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) 0,11
PrimeXBT The Sandbox (SAND) 0,11
YouHodler The Sandbox (SAND) 0,11
Binance The Sandbox (SAND) 0,11
BTSE The Sandbox (SAND) 0,11
Coinbase The Sandbox (SAND) 0,11
View all 65 prices
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. 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. 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.

Platform	Mint	Cost
Nexo	The Sandbox (SAND)	0,11
PrimeXBT	The Sandbox (SAND)	0,11
YouHodler	The Sandbox (SAND)	0,11
Binance	The Sandbox (SAND)	0,11
BTSE	The Sandbox (SAND)	0,11
Coinbase	The Sandbox (SAND)	0,11

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

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.