Where and How to Stake Bluzelle (BLZ)

Introduction

Staking Bluzelle can be a great option for those who want to hold BLZ but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Bluzelle (BLZ) Tokens

   In order to stake Bluzelle, you need to have it. To obtain Bluzelle, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Bluzelle (BLZ)	0.09
   Uphold	Bluzelle (BLZ)	0.09
   Kraken	Bluzelle (BLZ)	0.09
   Binance	Bluzelle (BLZ)	0.09
   Coinbase	Bluzelle (BLZ)	0.09
   Bitmart	Bluzelle (BLZ)	0.09

   See all 14 prices

2. 2. Choose a Bluzelle Wallet

   Once you have BLZ, you’ll need to choose a Bluzelle wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitmart	Bluzelle (BLZ)	Up to 1.00 APY

3. 3. Delegate Your BLZ

   We recommend using a staking pool when staking BLZ. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BLZ, which gives them a higher chance of validating transactions and earning rewards. You can do 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 Bluzelle network. You’ll be rewarded with BLZ for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.