Where & how to stake Bitcoin (BTC)

Introduction

Staking Bitcoin can be a great option for those who want to hold BTC 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 Bitcoin (BTC) tokens

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

   Platform	Coin	Price
   Bitpanda	Bitcoin (BTC)	$62,884
   M2	Bitcoin (BTC)	$62,750
   Uphold	Bitcoin (BTC)	$62,966
   YouHodler	Bitcoin (BTC)	$62,797
   Wirex	Bitcoin (BTC)	$63,966
   EarnPark	Bitcoin (BTC)	$62,982

   See all 25 prices

2. 2. Choose a Bitcoin wallet

   Once you have BTC, you’ll need to choose a Bitcoin wallet to store your tokens. Here are some good options.

3. 3. Delegate your BTC

   We recommend using a staking pool when staking BTC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BTC, 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 Bitcoin network. You’ll be rewarded with BTC 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.