How to Stake Biswap (BSW)

Introduction

Staking Biswap can be an excellent choice for those 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Biswap (BSW) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Biswap (BSW)	0,01 APY
   BingX	Biswap (BSW)	0,01 APY
   Bitget	Biswap (BSW)	0,01 APY
   Bitmart	Biswap (BSW)	0,01 APY
   Bybit	Biswap (BSW)	0,01 APY
   CoinEx	Biswap (BSW)	0,01 APY

   View all 18 prices

2. 2. Select a Biswap Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Binance	Biswap (BSW)	Up to 0,9 % APY

3. 3. Delegate Your BSW

   We recommend using a staking pool when staking BSW. It's simpler and faster to get started. A staking pool is a collective of validators who pool their BSW, 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 Biswap network. For these validations, you will be rewarded with BSW.

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.