Introduction
Staking Binance USD can be a great option for those who want to hold BUSD 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
- 1
Obtain Binance USD (BUSD) tokens
In order to stake Binance USD, you need to have it. To obtain Binance USD, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Binance USD wallet
Once you have BUSD, you’ll need to choose a Binance USD wallet to store your tokens. Here are some good options.
- 3
Delegate your BUSD
We recommend using a staking pool when staking BUSD. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BUSD, which gives them a higher chance of validating transactions and earning rewards. You can do 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 Binance USD network. You’ll be rewarded with BUSD 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.
Latest movements
Binance USD (BUSD) is currently priced at $1, with a 24-hour trading volume of $15.34M. In the last 24 hours, Binance USD has seen an increase to 0.67. The market cap of Binance USD stands at $70.45M, with 70.51M in circulation. For those looking to buy or trade Binance USD, reputable platforms like offer avenues to do so securely and efficiently.
- Market cap
- $70.45M
- Volume
- $15.34M
- Circulating supply
- $70.51M
