How to stake Bitcoin (BTC)
Do you want to earn Bitcoin BTC Staking Rewards by staking BTC? Bitcoin is an easy cryptocurrency to earn interest on and you definitely don’t want to just have the number 1 cryptocurrency in the world sitting in your wallet doing nothing. We will go over the easiest way to start earning interest on your BTC.
Earn BTC Staking Rewards
Celsius Network
Celsius is a popular crypto borrowing and lending platform that allows you to earn interest on a variety of different cryptocurrencies. Earning interest on Celsius is extremely easy because all you need to do is hold the cryptocurrency in your Celsius wallet, no need to lock it up. Celsius currently provides up to 6.50% interest on your BTC. Currently Celsius has disabled withdrawals, so now is not a good time to sign up.
Desktop Version:
- Go to https://celsius.network/ and create a new account. Earn up to a $50 sign up bonus when you use referral code 109902077a at sign up.
- You must transfer the required amount to earn the Celsius sign up bonus.
2. Once your account is set up, you will see your dashboard.
3. Click on the “Receive” tab and then click “Add New Coins”. Add Bitcoin (BTC) and it will then show up on your list of coins. Click “View and Copy Address”.
4. Send your BTC to the provided address, ensuring that you use the proper address format supported by the wallet you’re sending from.
5. After receiving your BTC, you’re all done! You will start accruing interest immediately and rewards are distributed weekly.
Mobile Version:
- Go onto your mobile device’s app store and download the Celsius app (Android and iOS supported).
- Earn up to a $50 sign up bonus when you use referral code: 109902077a at sign up.
2. Open the app and click Join Celsius and complete the process of creating a new account.
3. Once your account is finished setting up, press the “Transfer” tab to bring up options.
4. Press “Receive”.
5. Select Bitcoin (BTC) from the drop-down menu to get your BTC address. Send your BTC to this address and make sure to use the proper address format supported by the wallet you are sending from.
6. After receiving your BTC, you’re all done! You will start accruing interest immediately and rewards are distributed weekly.
Final Thoughts
Celsius is a great method of earning interest on a variety of cryptocurrencies, such as BTC, because it’s as simple as sending crypto to your Celsius wallet and holding. If you are planning on holding long-term, we recommend activating HODL mode on Celsius. This mode disables features such as sending cryptocurrencies out of your wallet and much more until you disable HODL mode. This is also a tool that can prevent you from losing your funds if your account gets hacked.
We recommend using the mobile version of Celsius over the desktop version because it has more features if you wish to use it, such as borrowing cash or stablecoins.
- Note: As of April 15, 2022, New US customers for Celsius will not have access to any interest earning opportunities at all until their Earn Interest Product 2.0 comes out. Non-US customers and prospective customers are not affected by this.
BTC Staking is a great way to earn extra BTC staking rewards. Stake BTC on the Celsius Network today. Visit Crypto Staking Rewards to learn how to stake crypto, earn staking rewards, cryptocurrency staking benefits, and where to find the best staking rewards.
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