How to Stake Bone ShibaSwap (BONE) for better returns

Introduction

Staking Bone ShibaSwap can be an excellent choice for individuals looking to hold BONE 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 Bone ShibaSwap (BONE) Tokens

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

   Platform	Coin	Price
   OKX	Bone ShibaSwap (BONE)	0.23 APY
   Uphold	Bone ShibaSwap (BONE)	0.29 APY
   BingX	Bone ShibaSwap (BONE)	0.08 APY
   Bitget	Bone ShibaSwap (BONE)	0.19 APY
   Bitmart	Bone ShibaSwap (BONE)	0.08 APY
   CoinEx	Bone ShibaSwap (BONE)	0.08 APY

   View all 23 prices

2. 2. Select a Bone ShibaSwap Wallet for Your Needs

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

   Platform	Coin	Staking returns
   MyCointainer	Bone ShibaSwap (BONE)	Up to 8.12% APY

3. 3. Delegate Your BONE for Enhanced Returns

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

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.