How to Stake Bitcoin Cash (BCH)

Introduction

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

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

   Platform	Mint	Cost
   Nexo	Bitcoin Cash (BCH)	634,96
   PrimeXBT	Bitcoin Cash (BCH)	632,88
   EarnPark	Bitcoin Cash (BCH)	631,75
   YouHodler	Bitcoin Cash (BCH)	631,82
   Binance	Bitcoin Cash (BCH)	633,2
   OKX	Bitcoin Cash (BCH)	632,5

   View all 57 prices

2. 2. Select a Bitcoin Cash Wallet

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

   Platform	Mint	Staking rewards in South Africa
   YouHodler	Bitcoin Cash (BCH)	Up to 9% APY

3. 3. Delegate Your BCH

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