Introduction
Staking Bitcoin Gold can be a great option for those who want to hold BTG 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. Obtain Bitcoin Gold (BTG) tokens
In order to stake Bitcoin Gold, you need to have it. To obtain Bitcoin Gold, you'll need to purchase it. You can choose from these popular exchanges.
See all 5 pricesPlatform Coin Price Uphold Bitcoin Gold (BTG) $22.24 Binance Bitcoin Gold (BTG) $0 Bitget Bitcoin Gold (BTG) $21.58 Bake Bitcoin Gold (BTG) $21.95 Bybit Bitcoin Gold (BTG) $20.86 2. Choose a Bitcoin Gold wallet
Once you have BTG, you’ll need to choose a Bitcoin Gold wallet to store your tokens. Here are some good options.
3. Delegate your BTG
We recommend using a staking pool when staking BTG. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BTG, 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 Bitcoin Gold network. You’ll be rewarded with BTG 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
Bitcoin Gold (BTG) is currently priced at $21.95 with a 24-hour trading volume of $2.46M. In the last 24 hours, Bitcoin Gold has experienced a decrease of -0.41%. The market cap of Bitcoin Gold stands at 383.46M, with $17.51M BTG in circulation. For those looking to buy or trade Bitcoin Gold, reputable platforms like Bitget, Bake and Bybit offer avenues to do so securely and efficiently.
- Market cap
- $383.46M
- 24h Volume
- $2.46M
- Circulating supply
- $17.51M