How to Stake Bitcoin Cash (BCH)

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 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 Bitcoin Cash (BCH) Tokens

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

   E-platform	Coin	Cost
   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

   See all 57 prices in Uganda

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 reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   YouHodler	Bitcoin Cash (BCH)	Up to 9% APY

3. 3. Delegate Your BCH

   We recommend using a staking pool when staking BCH. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their BCH, 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 Bitcoin Cash network. You'll be rewarded with BCH 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.