Introduction
Staking Biswap can be a great option for those who want to hold BSW 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 Guide
1. Obtain Biswap (BSW) Tokens
In order to stake Biswap, you need to have it. To obtain Biswap, you'll need to purchase it. You can choose from these popular exchanges.
See all 6 pricesPlatform Coin Price Binance Biswap (BSW) 0.06 BTSE Biswap (BSW) 0.07 BingX Biswap (BSW) 0.06 Bitmart Biswap (BSW) 0.08 Kucoin Biswap (BSW) 0.06 Bitget Biswap (BSW) 0.06 2. Choose a Biswap Wallet
Once you have BSW, you’ll need to choose a Biswap wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Binance Biswap (BSW) Up to 0.90 APY 3. Delegate Your BSW
We recommend using a staking pool when staking BSW. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BSW, which gives them a higher 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 Biswap network. You’ll be rewarded with BSW 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.
Latest Movements
Biswap (BSW) is currently priced at $0.90 with a 24-hour trading volume of $2.06M. The market cap of Biswap stands at $27.50M, with $498.98M BSW in circulation. For those looking to buy or trade Biswap, Binance offers avenues to do so securely and efficiently}
- Market cap
- $27.50M
- 24h volume
- $2.06M
- Circulating supply
- $498.98M