How to Stake Bitcoin Cash (BCH) for better returns

Introduction

Staking Bitcoin Cash can be an excellent choice for individuals looking to hold BCH 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 Bitcoin Cash (BCH) Tokens

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

   Platform	Coin	Price
   Nexo	Bitcoin Cash (BCH)	636.74 APY
   PrimeXBT	Bitcoin Cash (BCH)	634.71 APY
   EarnPark	Bitcoin Cash (BCH)	631 APY
   YouHodler	Bitcoin Cash (BCH)	634.81 APY
   Binance	Bitcoin Cash (BCH)	635.1 APY
   OKX	Bitcoin Cash (BCH)	631 APY

   View all 57 prices

2. 2. Select a Bitcoin Cash Wallet for Your Needs

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

   Platform	Coin	Staking returns
   YouHodler	Bitcoin Cash (BCH)	Up to 9% APY

3. 3. Delegate Your BCH for Enhanced Returns

   We recommend utilizing a staking pool when staking BCH. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their BCH, 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 Bitcoin Cash network. For these validations, you will be rewarded with BCH.

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.