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A comprehensive guide on how to stake Beyond Protocol (BP)
We have extensive data on staking Beyond Protocol (BP) and we are sharing some of this information with you.
We present various staking options with different coins that may pique your interest.
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Staking Beyond Protocol is an excellent choice for those looking to hold BP while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
To stake Beyond Protocol, you first need to acquire it. You can purchase Beyond Protocol from various popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Gate.io | Beyond Protocol (BP) | 0 |
Once you have BP, you'll need to select a Beyond Protocol wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| MyCointainer | Beyond Protocol (BP) | Earn up to 11.5% APY |
We suggest using a staking pool for staking BP. It's easier and quicker to start. A staking pool consists of validators who pool their BP, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Beyond Protocol network. You will be rewarded with BP for these validations.
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.