Before we get started with the process, I would like to make you familiar with one important thing. Well, BitKeep wallet is now known by the name Bitget wallet, so please do not get confused in understanding whether they are the same or different. Coming back to our point of concern, let us now understand a few background details of what staking is and how is it going to help you in the long run.
Learn the basics of crypto staking
Well, staking has recently become a very common concept in the Web3 world and every crypto trader is benefitting a lot from this. In this kind of trade, you just need to lock up your crypto assets for some time. These locked assets, in turn, help support network operations and make the network more secure and trustworthy. This also helps in the validation of the transaction and contributes to the security standard of the platform. On the other hand, those who take part in the staking process are rewarded for supporting the network. Each platform, including BitKeep wallet, has its own way of rewarding the contributors.
So now, let us learn how you can stake through BitKeep wallet and generate a passive income for yourself.
How does staking work on Bitkeep wallet?
Well, the platform has partnered with Lido, which is a liquid staking protocol allowing users to support staking through the BitKeep wallet. On this platform, users can easily stake their ETHs in a very simple manner and enjoy some great rewards. And you know what the best part is? Well, this wallet also allows you to convert different kinds of tokens into stETH so that users can take part in the staking program even if they do not have ETH.
With that understood, let us now take a look at the steps to stake crypto assets through Bitkeep wallet.
- First of all, you need to sign in to your BitKeep wallet as you always do
- On the homepage, find and click on the "Staking" option
- Thereafter, you can choose the "Stake Now" option to proceed further
- From the given methods, choose the preferred one to get some stETH
- Now, choose "Stake ETH for stETH" and then choose "Next Step"
- Further, you can simply enter the amount of ETH that you wish to stake
- After confirming the order details, finally, click on the "Stake Now" option
- Decide the amount of gas fee that you wish to pay for the transaction
- After making the adjustments, select the "Confirm" option
- Lastly, select the "View Details" option to finally complete the purchase
To review how much you have earned from your contribution, you may always navigate to the "Staking" page which is available on the homepage of Bitkeep Wallet. The longer you stake your assets, the more rewards you're going to earn.
Concluding thoughts:
In case you wish to stake your crypto assets using any other token instead of ETH, you need to first convert that token to stETH and then only you'll be able to initiate the staking process on Bitkeep wallet. I hope you found this article informative and now you'll be able to stake your crypto assets without any hassle.
