How to Stake Bitcoin Cash (BCH) for optimal returns

Introduction

Staking Bitcoin Cash can be an excellent choice for those looking to hold BCH 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 Bitcoin Cash (BCH) Tokens

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

   플랫폼	코인	Price
   Nexo	Bitcoin Cash (BCH)	653.1 APY
   PrimeXBT	Bitcoin Cash (BCH)	650.61 APY
   EarnPark	Bitcoin Cash (BCH)	648.56 APY
   YouHodler	Bitcoin Cash (BCH)	651.18 APY
   Binance	Bitcoin Cash (BCH)	651.9 APY
   OKX	Bitcoin Cash (BCH)	645 APY

   Check out all 57 prices

2. 2. Select a Bitcoin Cash Wallet

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

   플랫폼	코인	Staking 보상
   YouHodler	Bitcoin Cash (BCH)	Up to 9% APY

3. 3. Delegate Your BCH in South Korea

   We recommend using a staking pool when staking BCH. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their BCH, 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 Bitcoin Cash network. For these validations, you will be rewarded with BCH.

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.