Where & how to stake Bifrost Native Coin (BNC)

Introduction

Staking Bifrost Native Coin can be a great option for those who want to hold BNC but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain Bifrost Native Coin (BNC) tokens

   In order to stake Bifrost Native Coin, you need to have it. To obtain Bifrost Native Coin, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Kraken	Bifrost Native Coin (BNC)	$0.199
   MEXC Global	Bifrost Native Coin (BNC)	$0.1948
   Kucoin	Bifrost Native Coin (BNC)	$0.1881

2. 2. Choose a Bifrost Native Coin wallet

   Once you have BNC, you’ll need to choose a Bifrost Native Coin wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Stakely.io	Bifrost Native Coin (BNC)	Up to 3.62% APY

3. 3. Delegate your BNC

   We recommend using a staking pool when staking BNC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BNC, which gives them a higher chance of validating transactions and earning rewards. You can do 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 Bifrost Native Coin network. You’ll be rewarded with BNC for these validations.

What to be aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.