Introduction
Staking Brazilian Digital can be a great option for those who want to hold BRZ 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 Brazilian Digital (BRZ) Tokens
In order to stake Brazilian Digital, you need to have it. To obtain Brazilian Digital, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Wirex Brazilian Digital (BRZ) 0.2 2. Choose a Brazilian Digital Wallet
Once you have BRZ, you'll need to choose a Brazilian Digital wallet to store your tokens. Here are some good options.
3. Delegate Your BRZ
We recommend using a staking pool when staking BRZ. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BRZ, 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 Brazilian Digital network. You'll be rewarded with BRZ 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.
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