Where and How to Stake The Sandbox (SAND)

Introduction

Staking The Sandbox can be a great option for those who want to hold SAND 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 The Sandbox (SAND) Tokens

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

   Platform	Coin	Price
   Nexo	The Sandbox (SAND)	0.56
   PrimeXBT	The Sandbox (SAND)	0.56
   M2	The Sandbox (SAND)	0.56
   Uphold	The Sandbox (SAND)	0.56
   OKX	The Sandbox (SAND)	0.56
   YouHodler	The Sandbox (SAND)	0.56

   See all 34 prices

2. 2. Choose a The Sandbox Wallet

   Once you have SAND, you’ll need to choose a The Sandbox wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   YouHodler	The Sandbox (SAND)	Up to 7 APY
   Bitmart	The Sandbox (SAND)	Up to 1 APY

3. 3. Delegate Your SAND

   We recommend using a staking pool when staking SAND. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SAND, 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 The Sandbox network. You’ll be rewarded with SAND 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.