Introduction
Staking Bitcoin Cash can be a great option for those who want to hold BCH but earn yield in a secure way while contributing to the network. The steps can be a bit overwhelming, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step guide
1. Obtain Bitcoin Cash (BCH) Tokens
To stake Bitcoin Cash, you need to have it. To get Bitcoin Cash, you'll need to buy it. You can choose from these popular exchanges.
See all 56 pricesPlatform Coin Price Nexo Bitcoin Cash (BCH) 337,81 Uphold Bitcoin Cash (BCH) 423,62 EarnPark Bitcoin Cash (BCH) 335,56 YouHodler Bitcoin Cash (BCH) 423,8 OKX Bitcoin Cash (BCH) 423,3 M2 Bitcoin Cash (BCH) 423,56 2. Choose a Bitcoin Cash Wallet
Once you have BCH, you’ll need to choose a Bitcoin Cash wallet to store your tokens. Here are some lekker options.
Platform Coin Staking rewards YouHodler Bitcoin Cash (BCH) Up to 9% APY 3. Delegate Your BCH
We recommend using a staking pool when staking BCH. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their BCH, which gives them a better chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 be Aware of
There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this might take some time.
Latest Movements
Bitcoin Cash (BCH) is presently priced at US$9 with a 24-hour trading volume of US$229,05M. The market cap of Bitcoin Cash stands at US$8,42B, with 19,81M BCH in circulation. For those interested in buying or trading Bitcoin Cash, YouHodler offers ways to do so safely and efficiently
- Market cap
- US$8,42B
- 24h trading volume
- US$229,05M
- Circulating supply
- 19,81M BCH