How to Stake Biswap (BSW) for better returns

Introduction

Staking Biswap can be an excellent choice for individuals looking to hold BSW while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Biswap (BSW) Tokens

   To stake Biswap, you first need to acquire it. To obtain Biswap, you can purchase it from these well-known exchanges.

   Platform	Coin	Price
   Binance	Biswap (BSW)	0.01 APY
   BingX	Biswap (BSW)	0.01 APY
   Bitget	Biswap (BSW)	0.01 APY
   Bitmart	Biswap (BSW)	0 APY
   Bybit	Biswap (BSW)	0.01 APY
   CoinEx	Biswap (BSW)	0 APY

   View all 18 prices

2. 2. Select a Biswap Wallet for Your Needs

   Once you have BSW, you'll need to select a Biswap wallet to securely store your tokens. Here are some excellent options to consider.

   Platform	Coin	Staking returns
   Binance	Biswap (BSW)	Up to 0.9% APY

3. 3. Delegate Your BSW for Enhanced Returns

   We recommend utilizing a staking pool when staking BSW. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their BSW, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Biswap network. For these validations, you will be rewarded with BSW.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.