Where and how to stake BounceBit (BB)

Introduction

Staking BounceBit can be a great option for those who wish to hold BB 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 BounceBit (BB) Tokens

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

   Platform	Coin	Price
   Uphold	BounceBit (BB)	0.11
   Kucoin	BounceBit (BB)	0.11
   Phemex	BounceBit (BB)	0.11
   Currency.com	BounceBit (BB)	4.6

   See all 8 prices

2. 2. Select a BounceBit Wallet

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

   Platform	Coin	Staking rewards
   Stakin	BounceBit (BB)	Up to 16 APY

3. 3. Delegate Your BB

   We suggest using a staking pool for staking BB. It's easier and quicker to get started. A staking pool is a collection of validators who combine their BB, 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 BounceBit network. You'll be rewarded with BB 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.