How to Stake BTC on Bittime in 4 Easy Steps

Want to learn how to stake BTC easily and earn 7% APY? Bittime offers a safe and fast solution for staking BTC instantly, anytime and anywhere. Here are four simple steps to stake BTC.

Before Staking, Do These 4 Things First

This guide helps you understand how to stake BTC in just four simple steps, suitable even for complete beginners.

Create a Bittime Account 

Download the Bittime app and sign up on Bittime with your email address, then set a strong password to secure your account.

Verify Your Account

Verify your identity by entering your personal information and then uploading a photo of your ID card and a selfie of your face.

Top Up Your IDR Balance

Top up or deposit IDR via bank virtual account (VA) or e-wallet after your Bittime account has been verified. 

Buy USDT

Open the Trade menu and buy Tether in the BTC market/IDR.

Read also: Convert 1 USDT to IDR - Tether USDT Rate
 

How to Top Up IDR to Buy BTC on Bittime

Top Up via Bank

Topping up IDR on Bittime is very easy, just follow these steps:

• Make sure your Bittime account has been verified. 

• Open the Bittime app, go to Deposit IDR on the Home page, or open the Wallet menu and select Deposit IDR.

• Select a Virtual Bank account and copy one of the bank VA numbers you will transfer to.

• Make sure you transfer using a real-time/online transfer method so that your deposit can be credited immediately.

• The minimum deposit starts from 10,000 Rupiah.

• The funds you transfer will be credited to your IDR wallet.

Top Up IDR via E-Wallet

Topping up IDR on Bittime via e-wallet is very easy, just follow these steps:

• Make sure your account has been verified. 

• Open the Bittime app, open Deposit IDR on the Home page or open your Wallet and select Deposit IDR.

• Select an e-wallet such as OVO or DOKU and follow the instructions to top up IDR.

• Make sure you transfer using a real-time/online transfer method so that your deposit can be credited immediately.

• The minimum deposit starts from 10,000 Rupiah.

• The funds you transfer will be credited to your IDR wallet."

How to Stake BTC

Staking on Bittime is very easy. Just follow these steps: 

• Select the Staking menu on the homepage. 

  
   

• Type BTC in the search bar, then select BTC. 

  
  

• Enter the amount of crypto assets you want to stake. In this section you will see the estimated total interest you will earn as well as the staking timeline of your assets.
   

  

• Once everything is correct, tick the Bittime Staking Agreement box and click Confirm.
  
  

• Your staking has been successfully completed.

Read also: How to Buy Tether USDT (USDT)

How to Check Staking Assets

1. Login Bittime account.

2. Select the Assets menu on the Homepage.

   

3. Click Staking to see the amount of your staking assets.

   

How to Do Early Redeem Staking

1. Login Bittime account.
    
2. Select the Assets menu on the Homepage.
    
3. Select the crypto asset you wish to redeem.
    
4. Click Choose Early Redeem.
   
   
5. Confirm by clicking Redeem.
    
6. The redemption process has been completed, and your crypto asset funds will be processed according to the arrival time.
    

How to Store Bitcoin (BTC)

The best way to store Bitcoin (BTC) depends on your needs and preferences. Review the pros and cons to find the best method for storing Bitcoin (BTC).

Store Bitcoin in Your Bittime Account

Storing your crypto in your Bittime account gives you quick access to trading products such as spot trading, staking, and more. 

Bittime acts as the custodian of your crypto assets, helping you avoid the complexity of securing your own private keys. 

Be sure to set a strong password and enhance your security settings to prevent malicious actors from accessing your funds.

Store Your Bitcoin in a Non-Exchange Wallet

You can withdraw your Bitcoin (BTC) to a non-exchange wallet. Storing Bitcoin (BTC) in a non-exchange wallet or self-custody solution gives you full control over your wallet’s private keys.

You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you want to trade Bitcoin (BTC) frequently or use your assets often. Make sure to store your private key in a secure place, as losing it can result in the permanent loss of your Bitcoin (BTC).

What Can You Do with Bitcoin (BTC)?

Hold

Store/hold your Bitcoin (BTC) assets in your Bittime account.

Trading

Trade your Bitcoin (BTC) in the BTC/IDR spot market.

Staking

Earn passive income by staking Bitcoin (BTC) on Bittime.

Read also: Complete Guide to OTC USDT IDR Transactions on Bittime

Why Do Traders Prefer Bittime as Their Bitcoin (BTC) Trading Platform?

Easy Crypto Asset Purchases

Users can safely buy and sell hundreds of crypto assets directly using Indonesian Rupiah (IDR). This includes Tether (USDT), Dogecoin (DOGE), Ripple (XRP), TRON (TRX), Cardano (ADA), Polkadot (DOT), Polygon (MATIC), Binance (BNB), and many more.

User-Friendly App 

Bittime is very beginner-friendly for crypto transactions, with an easy-to-use interface, many IDR deposit and withdrawal options, and various reward activities such as weekly cashback promotions, trading competitions, and airdrops.

Bittime offers a range of benefits, including security, reliability, ease of use, and profitable features that simplify buying and selling crypto assets.

Top Rating

Bittime has received top ratings from a large number of users, with an accumulated rating of 4.8 on Google Play, making Bittime one of the best crypto asset exchanges in Indonesia. 

Bittime is committed to being the safest and easiest-to-use crypto asset trading platform, continuously expanding and adding best-in-class features.

Security and Reliability 

Bittime is registered with BAPPEBTI and Kominfo, and provides transparent daily reporting of assets and transactions to the Ministry of Trade. 

Bittime also uses the latest MPC encryption technology to provide an additional layer of protection for user assets. 

In addition, Bittime has obtained several international ISO certifications (ISO 27001:2013, 27017:2015), ensuring security and reliability.

Offering Competitive Staking Rewards 

Bittime offers high APY rewards through its Staking feature, allowing users to easily earn substantial passive income by staking various crypto assets based on blockchain POS consensus mechanisms. For example: the APY for Bitcoin (BTC) is 7%.

Discover More with Bittime

• A collection of educational articles on blockchain, Web3, and crypto is available HERE

• Find answers to your questions about Bittime HERE

Start your crypto journey with Bittime and download the Bittime app here:

• iOS users: Download here

• Android users: Download here

Find Bittime here:

• Instagram: @bittimeofficial

• Twitter: @BittimeID

• Telegram: @BittimeOfficial

FAQ

What is BTC staking on Bittime?

BTC staking is the process of locking your BTC assets on the Bittime platform to earn a 7% APY return over a 7-day period.

How do I start staking BTC?

To get started, you need to register on Bittime, top up your IDR balance, buy BTC, and then select BTC in the Staking menu.

Is there a limit to the amount I can stake in BTC?

There is no minimum or maximum limit for BTC staking. You can choose any amount that fits the balance you have.

Can I redeem my BTC staking early?

Yes, Bittime provides an “early redeem” option that allows you to withdraw your staked funds before the end of the period.

What is the difference between BTC staking and ETH staking on Bittime?

BTC staking offers a 7% APY with a 7-day period, while ETH staking also offers a 7% APY for the same period.

DISCLAIMER: This article is for informational purposes only and does not constitute advice, recommendations, offers, or solicitations to buy or sell any crypto assets. Trading crypto assets is a high-risk activity. Crypto prices are highly volatile and can change significantly over time. Bittime is not responsible for any changes in the exchange rates or prices of crypto assets.