Do you still stake bitcoin?

[Stardom22]

As far as l am concerned l am not in the financial position to stake that coin. That is because the coin is very expensive and l cannot afford staking it for now.

 

[Suba]

As far as l am concerned l am not in the financial position to stake that coin. That is because the coin is very expensive and l cannot afford staking it for now.

Hi bro, Bitcoin cannot be staked directly, so you have to use a third party or exchange BTC for WBTC then you can stake WBTC which has the same value as Bitcoin.

Thread 'Can Bitcoin be Staking?'

Jan 7, 2025

We know, Bitcoin Blockchain implements PoW mechanism consensus, so it is not possible to stake, but the presence of Bitcoin finance (BTCfi) allows us to stake Bitcoin indirectly, so that the Bitcoin we store will create passive income, rather than just storing it in a wallet that does not produce anything just waiting for the BTC price to peak.

BTCfi runs on the Bitcoin network by utilizing the layer 2 network and sidechain. BTCfi has several features/projects that allow users to stake Bitcoin.

This thread is just information or sharing knowledge, not a recommendation to participate or...

• Suba
• Replies: 0
• Forum: Mining & Staking