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USDCImportant Notice
Staking Binance USD (Linea) can be an excellent choice for those looking to hold BUSD while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
To stake Binance USD (Linea), you first need to acquire it. To obtain Binance USD (Linea), you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
| Platform | Coin | Cost |
|---|---|---|
| Coinbase | Binance USD (Linea) (BUSD) | 1 |
Once you have BUSD, you'll need to choose a Binance USD (Linea) wallet to securely store your tokens. Here are some reliable options available in India.
We recommend using a staking pool when staking BUSD. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their BUSD, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.
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 Binance USD (Linea) network. For these validations, you will be rewarded with BUSD.
When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
