How to Earn Staking Rewards With BitBox02 Crypto Wallet

cryptocurrency

You can perform staking on your cryptocurrency using the BitBox02 hardware crypto wallet and earn rewards on your coin/token.

BitBox02 works with AdaLite software wallet to allow users to stake their Cardano (ADA) tokens.

How to Stake your Crypto with the BitBox02 hardware wallet

Here are the xxx steps to stake your Cardano (ADA) tokens with the BitBox02 hardware wallet.


Step 1. Setup your BitBox02 wallet

When using a new Bitbox02 hardware wallet, download the latest BitBoxApp to go through the installation. BitBoxApp is software that supports Windows, macOS and Linux operating systems.

Make sure you have the latest firmware installed as well.


Step 2. Transfer Cardano (ADA) to your BitBox02 wallet

You can safely buy Cardano (ADA) at the following crypto exchanges listed below;

Note: Cardano is priced slightly differently at every exchange. To get the most competitive rates, use any of the exabove exchanges.

Once purchased, transfer it to your BitBox02 hardware wallet for cold storage.


Step 3. Install the BitBoxBridge

BitboxBridge is software that can connect to 3rd party services, such as AdaLite wallet, MyEtherWallet (MEW), Bity exchange and Rabby wallet.

Install it so that BitBox02 can communicate with the AdaLite web wallet.


Step 4. Connect BitBox02 to AdaLite

This is the part where you will now use your BitBox02 hardware wallet to access the AdaLite web-based wallet.

Go to the official AdaLite website and click on <Hardware Wallet>.

adalite-connect-bitbox02-wallet

Select <Unlock with BitBox>.

adalite-connect-bitbox02-wallet

Enter your password when prompted to unlock your BitBox02 wallet. Confirm the code shown on the AdaLite wallet and your BitBox02 wallet to proceed if you are pairing it for the first time.


Step 5. Send Cardano (ADA) from BitBox02 to ADALite

Click on the <Receive> tab in AdaLite to get the list of addresses you can use to send. Select one and send AA from BitBox02 to your AdaLite wallet.

Before every transaction, you should click on the <Verify on BitBox02> button to ensure the address shown on BitBox02 matches the sender.


Step 6. Stake Cardano (ADA)

To begin staking Cardano (ADA), click the <Staking> tab in AdaLite wallet and enter the staking pool ID you want to stake with. Click <Delete> and confirm the transaction. Lastly, confirm the transaction on your BitBox02 device.

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