Babylon is a BTC staking platform that allows users to earn interest by locking BTC. By cooperating with Babylon, you can now stake BTC in the CoinEx Wallet App, here is the tutorial:
Step 1: Go to “Me -> Advanced Features -> Staking”, and choose “BTC (Babylon)”.
Step 2: Click the wallet icon on the top right to connect. Check all the boxes to indicate that you agree to the terms and conditions, choose “CoinEx Wallet (Browser)” from the wallet list, and click the “Connect to BTC network” button.
Step 3: Make sure the info on the pop-up is correct and click “Enable” button.
Step 4: Your wallet has been successfully connected, you can select a finality provider from the list or search for it. Click the selected finality provider, enter the amount of BTC to be staked, and click ‘Preview’ to confirm the staking info.
Step 5: After the info confirmation, click “Stake” and complete the signature verification.
Note: Staking requires a certain amount of on-chain miner fee, ensure you have enough BTC in your wallet.
Step 6: BTC staking operation is completed! The status of the staking starts from “pending”, and will be changed after the transaction receives 10 confirmations on the chain. Learn more FAQs about BTC staking>>