Introduction
Staking BNB can be a great choice for those who want to hold BNB but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.
Step-by-step Guide
1. Get BNB (BNB) Tokens
To stake BNB, you need to have it. To obtain BNB, you'll need to purchase it. You can choose from these popular exchanges.
2. Select a BNB Wallet
Once you have BNB, you’ll need to choose a BNB wallet to store your tokens. Here are some good options.
3. Delegate Your BNB
We recommend using a staking pool when staking BNB. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BNB, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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 BNB network. You'll be rewarded with BNB for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest Movements
BNB (BNB) is currently priced at US$5 with a 24-hour trading volume of US$1.09B. The market cap of BNB is currently at US$100.23B, with 145.89M BNB in circulation. For those interested in buying or trading BNB, YouHodler offers ways to do so securely and efficiently
- Market capitalization
- US$100.23B
- 24h volume
- US$1.09B
- Circulating supply
- 145.89M BNB
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