Stake BGB on Bitget Wallet and Earn a Stable 5% APY
2025-02-14
Bitget Wallet has officially launched BGB staking on-chain, allowing holders to earn a fixed annualized yield effortlessly. This tutorial covers how to stake and redeem BGB, along with key FAQs. As part of Bitget Wallet’s 2025 roadmap, BGB’s utility will expand across DeFi, cross-chain bridges, and more. By staking, you not only gain instant rewards but also unlock exclusive benefits within the Bitget Wallet and Bitget ecosystem.
What is BGB Staking?
BGB staking is an on-chain earning feature that allows users to stake their BGB tokens and our current available product allows you to receive a fixed 5% APY. As the core token of the Bitget ecosystem, BGB plays a crucial role in both decentralized and centralized applications. Through BGB staking, users can stake seamlessly, track daily earnings in real time and redeem staked BGB easily.
How to stake BGB?
Step 1: Hold the BGB on the Morph Chain
Currently, only BGB on the Morph Chain is supported for staking. If you already hold BGB on the Morph chain, you can proceed to the next step. Otherwise, follow these instructions to obtain it.
-
Add Morph Chain and BGB to Your Wallet
1. Go to
Wallet >
All mainnets and search for "Morph" and click
+ to add the Morph Mainnet
2. Once on the Morph mainnet, click
+ to add the BGB token
-
Swap BGB from other chains to the Morph Chain
1. If you hold BGB (Ethereum), swap it for Morph BGB (Morph) through the Swap feature in Bitget Wallet
2. If you do not currently hold BGB, you can swap other supported tokens, such as SOL or USDT, for BGB (Morph) using the Swap feature
Here is an example of swapping SOL on the Solana chain for BGB on the Morph chain:
Step 2: Stake BGB
1.
Enter the BGB staking page through the following ways:
-
From the Homepage, click BGB Staking or BGB Center to enter the staking page.
-
Click on BGB in your asset list, enter the BGB token details page, and select Stake to enter the staking page.
2.
Choose the 90-day staking product and enjoy a fixed 5% APY
Enter the amount of BGB you wish to stake and confirm the transaction. Once the transaction is complete, your BGB will be staked, and you will begin earning rewards.
3.
Track your rewards
Navigate to the
My Staking page to view the total amount of BGB staked, accumulated rewards, Morph Points earned and staking order details.
How to redeem staked BGB?
Since BGB staking is a fixed-term product with a 90-day period, tokens can only be redeemed once the lock-up period has ended. To redeem staked BGB:
1. Go to the
My Staking page
2. Tap
Unstake once the 90-day period has ended.
3. The staked BGB will be released and returned to your wallet.
It is important to note that early withdrawals are not permitted for fixed-term staking.
Frequently Asked Questions (FAQ)
1. What is BGB staking?
BGB staking is an on-chain earning feature that allows users to stake their BGB tokens and our current available product allows you to receive a fixed 5% APY for a 90-day staking period.
2. What are the benefits of BGB staking?
-
Stable returns: Users earn stable returns that are not affected by market fluctuations.
-
Safe and reliable: Staking is protected by blockchain technology, ensuring transparency and security.
-
Enjoy exclusive benefits: Holders who stake their BGB can participate in additional reward programs and ecosystem activities.
3. Will BGB staking still be available after the promotional event?
Yes, BGB staking will remain open after the event. However, the additional Morph Point rewards will no longer be available after February 21, 2025, 20:00 (UTC+8).
4. Will there be other BGB staking options with different terms or rates?
Bitget Wallet plans to introduce more staking products in the future with different lock-up periods and yield rates to suit various investment preferences.
5. Can I unstake my BGB early?
No, early withdrawals are not allowed for the current fixed-staking product. Users must wait until the 90-day staking period ends to redeem their BGB.
6. What happens if the price of BGB fluctuates while staking?
Since staking rewards are fixed in BGB, price fluctuations do not impact the number of tokens earned. However, the total value of rewards in fiat currency may vary.
7. How are staking rewards distributed?
Staking rewards are settled daily and can be claimed at any time through the "My Staking" page. To minimize gas fees, it is recommended to claim all rewards at the end of the staking period.
Conclusion
BGB staking offers a secure and straightforward way to earn passive income while benefiting from the growing Bitget Wallet ecosystem. Whether you are looking for stable returns, long-term growth opportunities, or exclusive benefits, staking BGB allows you to maximize your holdings effectively.
Get started today by staking BGB and start earning rewards!
For any questions or support, contact our team at support.web3@bitget.com.
Disclaimer
Cryptocurrency trading carries significant market risks. Bitget Wallet is not responsible for any losses incurred from trading. Always do your own research and trade responsibly.
Table of contents
- What is BGB Staking?
- How to stake BGB?
- How to redeem staked BGB?
- Frequently Asked Questions (FAQ)
- Conclusion
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