In this article, we are going to explore different ways to earn passive income using Bybit’s Web3 wallet.
How To Stake Sui (SUI) On Bybit Web3
To get started, we only need to deposit 10 SUI into our Bybit seed phrase wallet to participate and stake it to earn rewards from NAVI Protocol.
Step 1: Transfer SUI Tokens
First, we need to transfer SUI tokens to our funding account. In this case, we will transfer 15 SUI to cover any trading fees. Once the transfer is complete, we will withdraw the tokens and deposit them into our Bybit seed phrase wallet.
Simply copy and paste the wallet address when prompted. After everything is set, hit “Confirm.”
Step 2: Complete Security Confirmation
If this is your first time, Bybit may require confirmation via email and text. Just provide the necessary information to proceed.
Step 3: Refresh And Fund Your Wallet
Once you have completed the steps above, refresh the website and wait for your wallet to be funded. Once the balance appears, you can now click “Start” to stake your SUI tokens.
Step 4: Stake Your SUI Tokens
Bybit allows staking with 10 SUI, so we will proceed with that. Keep in mind the transaction fees and ensure you have sufficient funds to cover them. Once you are ready, proceed with the subscription process, and you are done!
Congratulations!
You have successfully staked your SUI. This means you can earn rewards from NAVI Protocol while staking.
Final Thoughts
That’s it for now! Keep an eye on your account to monitor your progress. Until next time, have a great day!
For more tutorials like this one, make sure to subscribe and hit the notification bell on UseTheBitcoin’s YouTube channel. We post daily videos covering the crypto markets, so don’t miss out!
