Staking BCH on BenSWAP via MetaMask and CoinFLEX: A Step-by-Step Guide

Investing in cryptocurrency is never too late! This comprehensive guide will walk you through staking BCH on BenSWAP using MetaMask and CoinFLEX.

Introduction to Key Tools

Before diving into the staking process, let’s familiarize ourselves with the essential platforms and tokens:

• BCH (Bitcoin Cash): A hard fork of Bitcoin’s original blockchain, optimized for faster transactions.
• Bitcoin Cash Wallet: A secure digital wallet for managing BCH (e.g., Bitcoin.com Wallet).
• CoinFLEX: A centralized exchange supporting BCH deposits/withdrawals and interest-earning opportunities.
• MetaMask: A versatile crypto wallet compatible with SmartBCH (Binance Smart Chain for Bitcoin Cash).
• BenSWAP: The first decentralized exchange (DEX) on SmartBCH, enabling liquidity mining and staking.

Step 1: Transfer BCH from Bitcoin.com Wallet to CoinFLEX

1. Acquire BCH: Earn free BCH through platforms like Noise.Cash or purchase from exchanges.
2. Download Bitcoin.com Wallet: Available on App Store or Google Play.

3. Transfer BCH:

   • Open Bitcoin.com Wallet, select your BCH wallet, and tap Send.
   • Scan CoinFLEX’s BCH deposit QR code (found under Deposit > BCH > CashAddr).
   • Enter the amount and confirm the transaction (takes ~15 minutes).

👉 Looking for a reliable BCH wallet?

Step 2: Withdraw BCH from CoinFLEX to MetaMask

1. Register on CoinFLEX: Complete Level 1 verification (no KYC required).

2. Navigate to Withdrawal:

   • Under Wallet & Order, select Withdraw.
   • Choose BCH SEP20 and paste your MetaMask BCH address.
   • Confirm the transaction (no fees for first-time transfers).

3. Enable SmartBCH on MetaMask:

   • Add a Custom RPC with these settings:

     • Network Name: Smart Bitcoin Cash
     • RPC URL: https://global.uat.cash
     • Chain ID: 10000
     • Symbol: BCH

Step 3: Stake EBEN on BenSWAP

1. Connect MetaMask to BenSWAP:

   • Visit BenSWAP’s DEX and click Connect Wallet (select MetaMask).

2. Swap BCH for EBEN:

   • Under Exchange, select BCH/EBEN pair and enter the desired amount.
   • Confirm the swap (fee: ~0.000189 BCH).

3. Stake EBEN:

   • Navigate to Pools > EBEN and click Approve Contract (fee: ~0.000078 BCH).
   • Input your EBEN stake amount and confirm (APR: 103.78%).

👉 Maximize yields with SmartBCH staking

FAQs

Q1: Is staking EBEN profitable?

A1: Yes! With an APR exceeding 100%, staking EBEN can generate passive income, though rewards fluctuate with pool liquidity.

Q2: How secure is CoinFLEX for BCH transfers?

A2: CoinFLEX uses 2FA and cold storage for funds, but always test small amounts first.

Q3: Can I unstake EBEN anytime?

A3: Yes, but each transaction (harvesting/compounding) incurs a small BCH fee.

Key Takeaways

• No Transaction Fees: CoinFLEX offers free BCH withdrawals to MetaMask.
• High-Yield Staking: BenSWAP’s EBEN pools provide competitive APRs.
• SmartBCH Compatibility: MetaMask’s SmartBCH integration unlocks DeFi opportunities.

Ready to stake? Follow these steps and start earning EBEN today!