Introduction
Staking BNB can be a great option for those who want to hold BNB 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. Obtain BNB (BNB) Tokens
To stake BNB, you need to have it. To obtain BNB, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a BNB Wallet
Once you have BNB, you’ll need to choose a BNB wallet to store your tokens. Here are some good options.
3. Delegate Your BNB
We recommend using a staking pool when staking BNB. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BNB, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 BNB network. You'll be rewarded with BNB 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.
Latest Movements
BNB (BNB) is currently priced at US$0.8 with a 24-hour trading volume of US$1.09B. The market cap of BNB stands at US$100.23B, with 145.89M BNB in circulation. For those looking to purchase or trade BNB, YouHodler offers avenues to do so securely and efficiently}
- Market capitalisation
- US$100.23B
- 24-hour volume
- US$1.09B
- Circulating supply
- 145.89M BNB
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