Introduction

Staking Symbol can be a great option for those who want to hold xym but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Symbol (xym) Tokens

   In order to stake Symbol, you need to have it. To obtain Symbol, you'll need to purchase it. You can choose from these popular exchanges.

2. 2. Choose a Symbol Wallet

   Once you have xym, you'll need to choose a Symbol wallet to store your tokens. Here are some good options.

3. 3. Delegate Your xym

   We recommend using a staking pool when staking xym. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their xym, which gives them a higher chance of validating transactions and earning rewards. You can do 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 Symbol network. You'll be rewarded with xym for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.