How to Stake Beyond Protocol (BP) in the UK

Introduction

Staking Beyond Protocol can be an excellent option for those who wish to hold BP while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Beyond Protocol (BP) Tokens

   To stake Beyond Protocol, you need to possess it. To obtain Beyond Protocol, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Gate.io	Beyond Protocol (BP)	0

2. 2. Choose a Beyond Protocol Wallet

   Once you have BP, you'll need to choose a Beyond Protocol wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   MyCointainer	Beyond Protocol (BP)	Up to 11.5% AER

3. 3. Delegate Your BP

   We recommend using a staking pool when staking BP. It's simpler and quicker to get started. A staking pool is a group of validators who combine their BP, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the Beyond Protocol network. You will be rewarded with BP for these validations.

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.