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Staking Binance USD (Linea) can be an excellent choice for those looking to hold BUSD while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.
To stake Binance USD (Linea), you must first acquire it. To obtain Binance USD (Linea), you'll need to buy it. You can select from these well-known exchanges available in Italy.
| Piattaforma | Criptovaluta | Value |
|---|---|---|
| Coinbase | Binance USD (Linea) (BUSD) | 1 APY |
Once you have BUSD, you'll need to select a Binance USD (Linea) wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
We recommend using a staking pool when staking BUSD. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their BUSD, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Binance USD (Linea) network. For these validations, you'll receive rewards in BUSD.
When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.
