Introduction

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

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

   Plattform	Kryptowährung	Price
   Gate.io	BUSD (BUSD)	1 APY
   Wirex	BUSD (BUSD)	1 APY

   View all 4 prices

2. 2. Select a BUSD Wallet

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

3. 3. Delegate Your BUSD

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

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.