Beginner

 

How to Stake BNB Tokens on BSC

 

“Welcome to the tutorial on how to stake BNB tokens on Binance Smart Chain (BSC). In this tutorial, we will take you through the steps of how to stake BNB, the native token of Binance, and start earning rewards on the BSC network. With the increasing popularity of Binance and its ecosystem, staking BNB has become an attractive option for many investors and crypto enthusiasts. This tutorial will guide you through the process of setting up a wallet, connecting to the BSC network, and staking your BNB tokens. So, whether you’re a beginner or an experienced crypto user, this guide will help you get started with staking on the Binance Smart Chain.”

Staking with Binance Extension Wallet

Testnet example

  • Click on “Connect Wallet”

 

 

  • Unlock your wallet

 

 

  • Click on Delegate and input the amount

  • Confirm your transaction in the extension wallet

 

 

  • Upon Success, you will see a similar output

 

 

  • Your delegation overview

 

 

  • You can also see the staking history

 

 

How to Redelegate Your BNB With Binance Extension Wallet

By staking your BNB, you participate in the selection process of BNB Smart Chain validators and earn rewards. Staking BNB is critical for securing the network. Validators can self-bond, meaning they can delegate BNB to themselves, and they can also receive delegations from any other BNB holders.

Redelegations between a unique delegator, source validator, and destination validator can only happen once every 7 days

  • Click on Redelegate

 

 

  • Select a new validator and input the amount to redelegate

 

 

  • Confirm your transaction in the extension wallet

 

 

  • Upon Success, you will see a similar output

 

 

  • Refresh and see your delegation changes

 

 

How to Undelegate Your BNB with Binance Extension Wallet

  • Click on Undelegate

 

 

  • Input the amount

 

 

  • Confirm your transaction in the extension wallet

 

 

  • Upon Success, you will see a similar output

 

 

  • Refresh and see your delegation changes

 

 

With this, you complete this workshop successfully!!