How to Stake Beyond Protocol (BP)

Introduction

Staking Beyond Protocol can be an excellent choice for those looking to hold BP 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Beyond Protocol (BP) Tokens

   To stake Beyond Protocol, you first need to acquire it. To obtain Beyond Protocol, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Gate.io	Beyond Protocol (BP)	0 APY

2. 2. Select a Beyond Protocol Wallet

   Once you have BP, you'll need to select a Beyond Protocol wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	Beyond Protocol (BP)	Up to 11,5 % APY

3. 3. Delegate Your BP

   We recommend using a staking pool when staking BP. It's simpler and faster to get started. A staking pool is a collective of validators who pool their BP, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Beyond Protocol network. For these validations, you will be rewarded with BP.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.