How to Stake Beyond Protocol (BP) in Australia

Introduction

Staking Beyond Protocol can be a great option for those who want to hold BP while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Beyond Protocol (BP) Tokens

   To stake Beyond Protocol, you need to own it. To obtain Beyond Protocol, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Gate.io	Beyond Protocol (BP)	0

2. 2. Choose a Beyond Protocol Wallet

   Once you have BP, you'll need to choose a Beyond Protocol wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   MyCointainer	Beyond Protocol (BP)	Up to 11.5% % p.a.

3. 3. Delegate Your BP

   We recommend using a staking pool when staking BP. It's simpler and quicker to get started. A staking pool is a group of validators who combine their BP, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 Beyond Protocol network. You'll be rewarded with BP for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.