Note: The staking Cap-3 opened on December 10, 2024.
Welcome to the comprehensive guide for staking your Bitcoin (BTC) with Everstake during Babylon’s Bitcoin Staking Cap-3 phase. This tutorial is designed to help you navigate the staking process smoothly, whether you’re a seasoned crypto enthusiast or new to the staking scene.
Cap-3 Overview
Cap-3 is the biggest cap in Phase-1, greatly increasing the maximum staking amount and bringing numerous novelties to the process. Here’s the breakdown of its details.
Duration
Cap-3 will last for exactly 1,000 BTC blocks, which takes about one week. All valid transactions will be accepted within this window.
Transaction Limits
- Minimum Amount per Transaction: 0.005 BTC
- Maximum Amount per Transaction: 5,000 BTC (a 10x increase compared to Cap-2)
Unbonding Transaction Fee
The unbonding transaction fee is the same as in Cap-2 and comprises 0.00032 BTC.
Points Allocation
The first 300 BTC blocks will have 100,000 points per block, and the remaining 700 BTC blocks will have 21,000 points each. All active stakes from all caps within every particular block will be eligible for points.Note that points are not available in all jurisdictions for legal reasons. To be sure of whether your jurisdiction is eligible, check with Babylon’s Terms of Use.
Why Stake BTC with Everstake
Choosing Everstake for your Bitcoin staking needs comes with a multitude of benefits that set us apart in the crypto staking landscape. Here’s why:
- Industry-Leading Expertise: Everstake is a leading staking service provider trusted by over 735,000 users worldwide. With extensive experience across multiple blockchain platforms, we offer secure staking solutions.
- Competitive Fees: Everstake offers one of the lowest BTC staking fees in the industry at 3%.
- Robust Security Measures: The security of your assets is our top priority. Everstake employs advanced security protocols, including multi-level encryption and cold storage solutions, to safeguard your staked BTC.
- Transparency and Reliability: We believe in complete transparency. Our platform provides real-time updates and detailed staking reports, so you’re always informed about your investments.
- User-Friendly Experience: Our intuitive interface makes staking effortless, even for beginners. With support for multiple wallets and straightforward navigation, you can stake your BTC in just a few clicks.
How to stake BTC
Before you begin, ensure you have one of the following supported BTC wallets:
- OKX
- Tomo
- Bitget
- OneKey
- Keystone
Please note:
- Avoid Hardware Wallets: Do not use hardware wallets like Ledger, except for Keystone via QR code.
- No Bitcoin Inscriptions: Do not use a wallet that holds any Bitcoin Inscriptions.
- Address Format: Choose either Native SegWit or Taproot format.
Staking BTC via Everstake BTC Staking Dashboard
Step 1: Access the Dashboard
- Navigate to the BTC Staking Dashboard.
- Click on Stake Now.
Step 2: Connect Your Wallet
- Approve the wallet connection to the staking dashboard.
Step 3: Initiate Staking
- Click Stake.
- Enter the amount of BTC you wish to stake.
- Review and agree to the staking terms.
- Approve the BTC staking transaction.
Congrats! Your BTC has been successfully staked with Everstake.
Staking BTC with Everstake via Babylon Bitcoin Staking Dashboard
Step 1: Visit the Babylon BTC Staking Dashboard
- Go to the Babylon BTC Staking Dashboard.
Step 2: Connect Your Wallet
- Confirm that you have read the notes.
- Choose your preferred wallet and connect.
Step 3: Select Everstake as Your Validator
- Scroll through the list and choose Everstake (we offer a low fee of 3%).
Step 4: Specify Staking Details
- Enter the amount of BTC you’d like to delegate.
- Set the transaction fee and any other relevant details.
- Click Stake.
Congratulations! You’ve successfully staked BTC with Everstake.
Step 5: Track Your Activity
- Monitor your activity in the Staking History section.
Staking BTC with Everstake via Bitcoin Staking Dashboard by Staking Rewards
Step 1: Access the Interface
- Go to the Everstake BTC Staking Interface.
Step 2: Connect Your Wallet
- Currently, OKX wallet is the only option available.
- Confirm the connection to the BTC staking dashboard.
Step 3: Specify Staking Details
- Enter the amount of BTC you’d like to delegate.
- Set the transaction fee and other necessary details.
Step 4: Confirmation
- Confirm the staking transaction.
Your BTC has been successfully staked with Everstake.
Step 5: Monitoring
- You can now track your staked position via the Staking Terminal.
Staking BTC with Everstake via Tomo Wallet
You can stake directly from the mobile interface or by connecting the Tomo wallet extension to the staking dApp, such as the Everstake BTC Staking Dashboard. Here’s how to stake BTC via the Tomo mobile wallet:
Step 1: Download and Set Up Tomo Wallet
- Download the Wallet
- Create a Wallet
- Open the app to start staking BTC.
Step 2: Navigate to the Staking Section
- Tap on the Earn section.
- Select Babylon Staking.
Step 3: Stake Your BTC
- Click Stake and scroll down to find Everstake.
- Specify the amount of BTC you’d like to delegate.
- Set the transaction fee and any other details.
- Confirm the staking transaction.
Hooray! You’ve successfully staked BTC with Everstake.
Last Words
Staking your Bitcoin with Everstake during Babylon’s Cap-3 phase is a secure and straightforward way to grow your assets. With low fees, robust security, and a user-friendly platform, Everstake ensures a smooth staking experience for everyone. Join thousands of users and make the most of this opportunity—stake with Everstake today!
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