How to Stake BitSong (BTSG): A Comprehensive Guide for Australians

Introduction

Staking BitSong can be a great option for those who want to hold BTSG 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 BitSong (BTSG) Tokens
To stake BitSong, you need to own it. To obtain BitSong, you'll need to buy it. You can choose from these popular exchanges.
2. Choose a BitSong Wallet
Once you have BTSG, you'll need to choose a BitSong wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Stakewolle BitSong (BTSG) Up to 32.19% % p.a.
3. Delegate Your BTSG
We recommend using a staking pool when staking BTSG. It's simpler and quicker to get started. A staking pool is a group of validators who combine their BTSG, 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 BitSong network. You'll be rewarded with BTSG for these validations.

Platform	Coin	Staking returns
Stakewolle	BitSong (BTSG)	Up to 32.19% % 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.