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A comprehensive guide on how to stake Bitcoin Cash (BCH)
We have extensive data on staking Bitcoin Cash (BCH) 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 Bitcoin Cash is an excellent choice for those looking to hold BCH 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 Bitcoin Cash, you first need to acquire it. You can purchase Bitcoin Cash from various popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Nexo | Bitcoin Cash (BCH) | 653.1 |
| PrimeXBT | Bitcoin Cash (BCH) | 650.61 |
| EarnPark | Bitcoin Cash (BCH) | 648.56 |
| YouHodler | Bitcoin Cash (BCH) | 651.18 |
| Binance | Bitcoin Cash (BCH) | 651.9 |
| OKX | Bitcoin Cash (BCH) | 645 |
Once you have BCH, you'll need to select a Bitcoin Cash wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| YouHodler | Bitcoin Cash (BCH) | Earn up to 9% APY |
We suggest using a staking pool for staking BCH. It's easier and quicker to start. A staking pool consists of validators who pool their BCH, 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 Bitcoin Cash network. You will be rewarded with BCH 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.
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