How to Stake Bitcoin Cash (BCH): A Comprehensive Guide for Australians

Introduction

Staking Bitcoin Cash can be a great option for those who want to hold BCH 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. Obtain Bitcoin Cash (BCH) Tokens
To stake Bitcoin Cash, you need to own it. To obtain Bitcoin Cash, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
Nexo Bitcoin Cash (BCH) 637.09
PrimeXBT Bitcoin Cash (BCH) 635.33
EarnPark Bitcoin Cash (BCH) 633.39
YouHodler Bitcoin Cash (BCH) 635.16
Binance Bitcoin Cash (BCH) 635.5
OKX Bitcoin Cash (BCH) 631.8
See all 57 prices
2. Choose a Bitcoin Cash Wallet
Once you have BCH, you'll need to choose a Bitcoin Cash wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
YouHodler Bitcoin Cash (BCH) Up to 9% % p.a.
3. Delegate Your BCH
We recommend using a staking pool when staking BCH. It's simpler and quicker to get started. A staking pool is a group of validators who combine their BCH, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Bitcoin Cash network. You'll be rewarded with BCH for these validations.

Platform	Coin	Cost
Nexo	Bitcoin Cash (BCH)	637.09
PrimeXBT	Bitcoin Cash (BCH)	635.33
EarnPark	Bitcoin Cash (BCH)	633.39
YouHodler	Bitcoin Cash (BCH)	635.16
Binance	Bitcoin Cash (BCH)	635.5
OKX	Bitcoin Cash (BCH)	631.8

Platform	Coin	Staking returns
YouHodler	Bitcoin Cash (BCH)	Up to 9% % p.a.

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.