How to Stake Bitcoin (BTC)

Introduction

Staking Bitcoin can be an excellent choice for those looking to hold BTC 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 Bitcoin (BTC) Tokens

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

   Platform	Mint	Cost
   Nexo	Bitcoin (BTC)	91 070,67
   PrimeXBT	Bitcoin (BTC)	91 087,3
   EarnPark	Bitcoin (BTC)	90 639,62
   YouHodler	Bitcoin (BTC)	91 142,79
   Binance	Bitcoin (BTC)	91 142,79
   BTSE	Bitcoin (BTC)	91 076

   View all 80 prices

2. 2. Select a Bitcoin Wallet

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

   Platform	Mint	Staking rewards in South Africa
   YouHodler	Bitcoin (BTC)	Up to 9% APY
   Binance	Bitcoin (BTC)	Up to 8% APY

   View all 4 staking rewards available

3. 3. Delegate Your BTC

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