Where and how to stake Bifrost Native Coin (BNC)

Introduction

Staking Bifrost Native Coin can be a great option for those who wish to hold BNC while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Bifrost Native Coin (BNC) Tokens

   To stake Bifrost Native Coin, you need to have it. To obtain Bifrost Native Coin, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Kraken	Bifrost Native Coin (BNC)	0.23
   MEXC Global	Bifrost Native Coin (BNC)	0.24
   Kucoin	Bifrost Native Coin (BNC)	0.24
   Gate.io	Bifrost Native Coin (BNC)	0.24
   CoinEx	Bifrost Native Coin (BNC)	0.23

   See all 5 prices

2. 2. Select a Bifrost Native Coin Wallet

   Once you have BNC, you’ll need to choose a Bifrost Native Coin wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Stakely.io	Bifrost Native Coin (BNC)	Up to 12.94 APY

3. 3. Delegate Your BNC

   We suggest using a staking pool for staking BNC. It's easier and quicker to get started. A staking pool is a collection of validators who combine their BNC, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Bifrost Native Coin network. You'll be rewarded with BNC for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.