How to Stake Biswap (BSW)

Introduction

Staking Biswap can be an excellent choice for those looking to hold BSW while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Biswap (BSW) Tokens

   To stake Biswap, you first need to acquire it. To obtain Biswap, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Binance	Biswap (BSW)	0.01 APY
   BingX	Biswap (BSW)	0.01 APY
   Bitget	Biswap (BSW)	0.01 APY
   Bitmart	Biswap (BSW)	0 APY
   Bybit	Biswap (BSW)	0.01 APY
   CoinEx	Biswap (BSW)	0 APY

   See all 18 prices in Uganda

2. 2. Select a Biswap Wallet

   Once you have BSW, you'll need to select a Biswap wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   Binance	Biswap (BSW)	Up to 0.9% APY

3. 3. Delegate Your BSW

   We recommend using a staking pool when staking BSW. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their BSW, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   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 Biswap network. You'll be rewarded with BSW for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.