Introduction

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

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

   Platform	Coin	Cost
   BTSE	BVM (BVM)	0.05
   Gate.io	BVM (BVM)	0.03

   See all 4 prices

2. 2. Choose a BVM Wallet

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

3. 3. Delegate Your BVM

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