How to Stake Biswap (BSW) in Australia

Introduction

Staking Biswap can be a great option for those who want to hold BSW 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 Biswap (BSW) Tokens

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

   Platform	Coin	Cost
   Binance	Biswap (BSW)	0.01
   BingX	Biswap (BSW)	0.01
   Bitget	Biswap (BSW)	0.01
   Bitmart	Biswap (BSW)	0
   Bybit	Biswap (BSW)	0.01
   CoinEx	Biswap (BSW)	0

   See all 18 prices

2. 2. Choose a Biswap Wallet

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

   Platform	Coin	Staking returns
   Binance	Biswap (BSW)	Up to 0.9% p.a.

3. 3. Delegate Your BSW

   We recommend using a staking pool when staking BSW. It's simpler and quicker to get started. A staking pool is a group of validators who combine their BSW, 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 Biswap network. You'll be rewarded with BSW 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.