Where and How to Stake BitSong (BTSG)

Introduction

Staking BitSong can be a great option for those who want to hold BTSG 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. 1. Obtain BitSong (BTSG) Tokens

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

2. 2. Choose a BitSong Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	BitSong (BTSG)	Up to 7.88 APY
   Stakewolle	BitSong (BTSG)	Up to 32.19 APY

3. 3. Delegate Your BTSG

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