How to Stake Beyond Protocol (BP) for optimal returns

Introduction

Staking Beyond Protocol can be an excellent choice for those looking to hold BP while earning APY 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 to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire Beyond Protocol (BP) Tokens

   To stake Beyond Protocol, you first need to acquire it. To obtain Beyond Protocol, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   Gate.io	Beyond Protocol (BP)	0 APY

2. 2. Select a Beyond Protocol Wallet

   Once you have BP, you'll need to select a Beyond Protocol wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   MyCointainer	Beyond Protocol (BP)	Up to 11.5% APY

3. 3. Delegate Your BP in South Korea

   We recommend using a staking pool when staking BP. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their BP, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Start Validating

   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 Beyond Protocol network. For these validations, you will be rewarded with BP.

What to Keep in Mind

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.