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 may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Biswap (BSW) Tokens

   To stake Biswap, you first need to acquire it. To obtain Biswap, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Binance	Biswap (BSW)	0,01
   BingX	Biswap (BSW)	0,01
   Bitget	Biswap (BSW)	0,01
   Bitmart	Biswap (BSW)	0
   Bybit	Biswap (BSW)	0,01
   CoinEx	Biswap (BSW)	0

   View all 18 prices

2. 2. Select a Biswap Wallet

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

   Platform	Mint	Staking rewards in South Africa
   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 take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.