How To Stake Wrapped Bitcoin (WBTC)
Do you want to earn WBTC Staking Rewards by Staking Wrapped Bitcoin? Earning interest on your WBTC is easy and we will go over the steps for you to take to do so. Have your WBTC work for you instead of just letting it sit there.
Earn WBTC 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 3.05% interest on your WBTC. 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 Wrapped Bitcoin (WBTC) and it will then show up on your list of coins. Click “View and Copy Address”.
4. Send your WBTC to the provided address.
5. After receiving your WBTC, 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 Wrapped Bitcoin (WBTC) from the drop-down menu to get your WBTC address. Send your WBTC to this address.
6. After receiving your WBTC, 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 Wrapped Bitcoin, 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.
Earn WBTC Staking Rewards by Staking Wrapped Bitcoin on Celsius. 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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