How to Participate in Bybit Web3 Staking (Step-by-Step)

Diving into the realm of cryptocurrency staking can be both exciting and rewarding. If you’re wondering where to start so that you can earn passive income, consider Bybit Web3 Staking. This relatively new addition to Bybit Web3 offers a seamless and user-friendly platform for those eager to embark on this journey. 

In this article, we'll guide you through the process of participating in Bybit Web3 Staking, ensuring you're well-equipped to maximize your crypto investments.

Key Takeaways:

• Bybit Web3 Staking is a DeFi asset aggregation and investment platform designed to bridge users' funds with on-chain assets, offering a streamlined approach to crypto staking.

• With one click, Web3 Staking’s Asset Protection feature allows you to set transaction parameters and promptly withdraw your funds when they’re at risk.

• Bybit Web3 Staking’s One-Click High-Yield Investment feature offers you recommendations for a high-yield investment portfolio with just a single click.

What Is Bybit Web3 Staking?

Bybit Web3 Staking is a DeFi asset aggregation and investment platform designed to bridge users' funds with on-chain assets, offering a streamlined approach to crypto staking.

Why You Should Try Bybit Web3 Staking

Bybit Web3 Staking isn't just another staking platform — it's a holistic ecosystem tailored to enhance your crypto staking experience. Here's why it stands out.

• Low Entry Barrier: The platform's design prioritizes user experience. Its intuitive interface ensures that even those new to staking can navigate and make informed decisions with ease.
• Fund Protection Strategies: Bybit Web3 Staking integrates robust fund protection strategies, ensuring your assets are well-guarded against potential market volatilities. The Asset Protection and One-Click High-Yield Investment features are prime examples of Bybit’s commitment to safeguarding users’ assets.
• Comprehensive Asset Management: Beyond just staking, the platform offers a seamless asset management experience. Users can aggregate, monitor and manage their investments, all under one roof.
• Educational Empowerment: In the world of crypto, knowledge is power. Bybit Web3 Staking goes beyond offering investment opportunities by equipping its users with essential educational resources. This ensures every stakeholder, from novice to expert, the opportunity to be well-informed and confident in their investment choices.
• Diverse Investment Avenues: With a wide range of meticulously curated investment products and additional reward campaigns, Bybit Web3 Staking ensures that users have multiple avenues to grow their investments.

In essence, Bybit Web3 Staking offers a blend of user-centric features, top-tier security and diverse investment opportunities, making it a compelling choice for anyone keen on maximizing their crypto returns.

How to Get Started With Bybit Web3 Staking

Now that you know more about Bybit Web3 Staking and why you should try it, here's a step-by-step guide to get you started. 

Please note that you need to create a Bybit account before you can proceed with Bybit Web3 Staking. If you require any assistance in creating an account, please refer to our detailed sign-up guide. 

Staking: Web Version

Step 1: Log in to your Bybit account by clicking on the Log In button at the top right corner of the Bybit home page.

Step 2: Navigate to the Bybit Web3 Portal by hovering your cursor over the Web3 tab in the navigation bar at the top of the home page, and click on Bybit Wallet. 

Step 3: After you’ve entered the Bybit Web3 Portal, a pop-up window will appear. Click on Create Wallet.

Step 4: Once your Bybit Wallet has been created, you can proceed to deposit funds by clicking on Deposit. 

Step 5: Next, click on the Staking tab in the navigation bar to enter the Bybit Web3 Staking platform.

At the top right, you’ll see a Yield Calculator with which you can input the amount you’d like to invest and view your estimated daily yield. Right below, you’ll see the trending staking pools.

Step 6: Scroll down under Pools in order to select your preferred staking pool to invest in, and click on Stake. You may also choose to filter the staking pools by Single Asset or Dual Asset.

Step 7: Enter the amount you’d like to stake into the staking pool. The system will automatically calculate the gas fees you’ll have to pay for the staking and slippage fees. 

Step 8: Once you’ve confirmed your details, click on Confirm.

Step 9: Wait for the staking process to be completed. Once that’s done, you may return to the Bybit Web3 Staking page and scroll down until you see My Investments to view your details. 

Unstaking: Web Version

Step 1: If you’d like to unstake your holdings and claim your rewards, navigate to the Bybit Web3 Staking platform and scroll down until you see My Investments.

Step 2: Click on the corresponding Redeem button for the staking pool that you would like to unstake from. 

Alternatively, navigate under Pools and click on the corresponding Redeem button for the staking pool that you would like to unstake from.

Step 3: You can choose to redeem Multiple Assets or Single Asset. Click on Redeem Funds once you’ve confirmed that your details are correct.

Step 4: Click on Confirm. 

Staking: App Version

Prefer using the Bybit app instead? Simply follow the steps outlined below to participate in Bybit Web3 Staking with the Bybit app. You can download the Bybit mobile app from the Apple App Store or the Google Play Store.

Step 1: Open the Bybit app and log in by tapping on the Sign up / Log in button on the app’s home page. 

Alternatively, you can also log in to your Bybit account by tapping on the avatar icon in the top left corner of the app, followed by the Log In button. 

Step 2: Navigate to the Bybit Web3 Portal by double-tapping on the Home tab at the bottom of the screen. 

Alternatively, you can also enter the Bybit Web3 Portal by tapping on the More button and then Web3 under the Trade section.

Step 3: Tap on the Wallet tab in the bottom right corner of the screen to create your Bybit Wallet.

Step 4: Once your Bybit Wallet has been created, you can proceed to deposit funds by tapping on Deposit.

Step 5: Head back to the home page of the Bybit Web3 Portal and tap on Staking to view all available staking pools. You may also choose to filter the staking pools by Single Asset or Dual Asset.

Step 6: Select your preferred staking pool by tapping on it. 

Step 7: Then, tap on the Stake button at the bottom of the screen. 

Step 8: Enter the amount you’d like to stake into the staking pool, and the system will automatically calculate the gas fees required for the staking and slippage fees. Tap on Next to continue the staking process.

Step 9: Once you’ve confirmed your details are correct, tap on Confirm.

Step 10: Wait for the staking process to be completed. Once that’s done, you may return to the Bybit Web3 Staking page for an overview of your orders under My Investments at the top of the screen. To view your individual order details, tap on Details.

Unstaking: App Version

Step 1: If you would like to unstake your holdings and claim your rewards, navigate to the Bybit Web3 Staking platform and tap on Details in the top right corner of the screen. Here, you can toggle between All, Single Asset and Multi-Asset Investment to filter the staking pools you would like to unstake from. 

Step 2: Tap on the staking pool that you want to unstake from, and then tap on the Redeem button at the bottom of the screen to kick-start the unstaking process.

Step 3: After tapping on the Redeem button, enter the amount you would like to claim.

Step 4: You can choose to redeem your holdings as either a Single Asset or Multiple Assets. 

Step 5: Once you’ve selected your preferred token for redemption, confirm the amount that you would like to redeem and tap on Next to complete the unstaking process.

The Bottom Line

Bybit Web3 Staking offers a comprehensive and intuitive platform for crypto staking. Its user-friendly interface helps even those new to the world of staking to participate confidently and grow their investments. Whether you're a seasoned investor or just starting out, Bybit Web3 Staking is a reliable and efficient choice for your staking endeavors.

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