Where and How to Stake BounceBit (BB)

Introduction

Staking BounceBit can be a great choice for those who want to hold BB 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. 1. Get BounceBit (BB) Tokens

   To stake BounceBit, you need to have it. To obtain BounceBit, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Uphold	BounceBit (BB)	0.11
   Kucoin	BounceBit (BB)	0.11
   Phemex	BounceBit (BB)	0.11
   Currency.com	BounceBit (BB)	4.6

   See all 8 prices

2. 2. Select a BounceBit Wallet

   Once you have BB, you’ll need to choose a BounceBit wallet to store your tokens. Here are some good options.

   Platform	Loonies	Staking rewards
   Stakin	BounceBit (BB)	Up to 16 annual percentage yield

3. 3. Delegate Your BB

   We recommend using a staking pool when staking BB. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BB, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 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 BounceBit network. You'll be rewarded with BB 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.