How to Stake BitSong (BTSG)

Introduction

Staking BitSong can be an excellent choice for those looking to hold BTSG 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 BitSong (BTSG) Tokens

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

2. 2. Select a BitSong Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Stakewolle	BitSong (BTSG)	Up to 32,19 % APY

3. 3. Delegate Your BTSG

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

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.