Where and How to Stake Bitcoin (BTC)

Introduction

Staking Bitcoin can be a great option for those who want to hold BTC but earn yield in a safe way whilst contributing to the network. The steps can be a bit daunting, particularly the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Bitcoin (BTC) Tokens

   To stake Bitcoin, you need to have it. To obtain Bitcoin, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Bitcoin (BTC)	94,892.05
   PrimeXBT	Bitcoin (BTC)	94,733.4
   M2	Bitcoin (BTC)	94,728.77
   Uphold	Bitcoin (BTC)	94,725.04
   EarnPark	Bitcoin (BTC)	94,756.34
   Klink	Bitcoin (BTC)	94,686

   See all 40 prices

2. 2. Choose a Bitcoin Wallet

   Once you have BTC, you’ll need to choose a Bitcoin wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   YouHodler	Bitcoin (BTC)	Up to 9 AER
   Binance	Bitcoin (BTC)	Up to 8 AER

3. 3. Delegate Your BTC

   We recommend using a staking pool when staking BTC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BTC, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Bitcoin network. You'll be rewarded with BTC 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.