How can I earn passive income by staking hbar?

1 answers

• Dec 18, 2021 · 3 years ago
  BYDFi is a popular hbar staking platform that allows you to earn passive income. Here's how it works: 1. Sign up for an account on BYDFi: Visit the BYDFi website and create an account. You'll need to provide some personal information and complete the verification process. 2. Deposit hbar tokens: Once your account is set up, deposit your hbar tokens into your BYDFi wallet. You can do this by following the instructions provided on the platform. 3. Stake your hbar: After your tokens are in your BYDFi wallet, you can stake them by selecting the staking option and following the prompts. Choose the staking period and the amount of tokens you want to stake. 4. Earn staking rewards: As your hbar tokens are staked, you'll start earning staking rewards. The rewards will be automatically deposited into your BYDFi wallet. 5. Withdraw your rewards: When you're ready to withdraw your staking rewards, simply navigate to the withdrawal section on BYDFi and follow the instructions. Remember to do your own research and consider the risks involved in staking before getting started. Happy staking with BYDFi! 🎉
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