How to Stake BCO on CryptoBridge Decentralised Exchange [Tutorial]

How to Stake BCO on CryptoBridge Decentralised Exchange [Tutorial]
Harsh Agrawal

Decentralize exchanges are the future of cryptocurrency trading. Most of us use the exchanges like Binance, Bittrex, Bitfinex and so on and they are centralized exchanged. Sudhir has explained about Centralized and decentralized exchanges in details over here. Crypto-bridge is one such decentralized exchange and that offers their own coin call BCO (Bridgecoin).

Just like BNB coin by Binance, when you use BCO to trade on their exchange, you save a considerable amount of money in the trading fees. In the recent time, they have released a lot of developments and crypto world is feeling positive about this exchange. The only thing I would like to see this exchange doing more is the volume which is considerably low and that's something common in all decentralized exchanges at this moment. For now, you can see the BCO listing on CoinMarketCap here.

You can read more about Proof of stake here:

What is Proof-Of-Work & Proof-Of-Stake?

To reward its initial users, Crypto-bridge has come up with a staking reward program. Under this program, 50% of all trading profits on CryptoBridge Will go To BridgeCoin stakers. In this guide, you will be learning how you can stake your BCO coin to earn staking reward. If you don't have BCO yet, you can get it from Crypto-bridge exchange using BTC.

Complete tutorial to learn Staking BridgeCoin (BCO) on Crypto-Bridge

There are few things that you should know before getting started with BCO staking.

Once you stake your BCO coins, you will not be able to withdraw it. Your rewards depend on the period for which you stake the coin.

1 Month(0% Bonus)
3 Months(20% Bonus)
6 Months(50% Bonus)
12 Months(100% Bonus)

During the staking period, you will automatically receive bi-weekly payouts to your account on CryptoBridge. The longer you stake your BCO the higher your staking factor(bonus) will be. Staking for 3 months gives you 20% more additional BCO during staking. If you stake your BCO for 12 months, you would essentially be staking 200%(2X) your BCO. You can learn more about their Staking terms and payout here. Once the staking period is over, you will be able to use your original staking amount.

Here is a video tutorial of the BCO coin staking process:

To get started with BCO Staking, follow the steps mentioned:

Login to Crypto-bridge wallet web interface here
Click on account from the menu

Select the quantity that you want to stake and also the duration of staking.

Click on 'Create a new BCO Staking Position' and confirm the same in the pop-up. Do notice that staking costs a fee so you should better stake at one go rather than creating multiple staking.

You will also get a confirmation message as a browser push notification. However, if you don't see it, you can refresh the page and you will see your current staking position something like this:

Well, that is and from now on wait for the bi-weekly payout. As the volume on the exchange increases and if it increases exponentially just like overall cryptocurrency industry, your vested amount can generate a great deal of money.

Apart from investing in cryptocurrencies, staking is another great way to make most of your investment. We have earlier covered a guide on some of the popular proof of stake coins that you can read using below link: