You can temporarily lock your STX holdings and contribute to improving the Stacks network’s security, earning BTC in the process. This process is known as stacking.
Here’s how you can stack STX on the Stacks blockchain using Hiro Wallet to earn Bitcoin:
1. Download and install the Hiro Wallet browser extension or desktop app on your web browser or computer, respectively.
2. Set up an account on the wallet and fund it with sufficient tokens by buying STX on KuCoin or other supported exchanges and withdrawing the funds to your Hiro Wallet account.
3. Click on Get Started to head to the “Start earning Bitcoin” section of the wallet.
4. Enter the number of $STX tokens you wish to stack and click on Continue.
5. Check when the next stacking cycle will begin and select the number of cycles you wish to stack your tokens for. Each cycle lasts seven days.
6. Enter your Bitcoin address where you wish to earn your stacking rewards and click Continue.
7. Confirm the transaction with your wallet, sit back, earn BTC rewards, and grow your crypto portfolio by stacking STX.