Summary
You can earn Bitcoin in the Bitcoin.com Wallet app and on Bitcoin.com’s decentralized exchange Verse DEX by staking Bitcoin.com’s VERSE token. This article will guide you through the process.
How To Start Earning Bitcoin
To starting earning Bitcoin, you will need Bitcoin.com’s VERSE token. You can get VERSE for free in the Rewards Center by completing simple quests. You can also purchase VERSE here.
You will also need some ETH in your wallet to cover the transaction fees associated with staking your VERSE.
Using the Bitcoin.com Wallet App
If you haven’t already, download the Bitcoin.com Wallet app, available on Android and iOS.
From the app’s home screen, navigate to Earn.
In the Staking section, select the "VERSE Staking - Bitcoin" option. Follow the instructions to stake your VERSE.
And that’s it! By staking VERSE, you’ll automatically start earning Bitcoin.
On The Web At Verse DEX
Navigate to Bitcoin.com’s decentralized exchange Verse DEX here.
Hit the Connect button at the top right to connect your Web3 wallet to Verse DEX.
Hit the "Stake VERSE" button and follow the instructions to stake your VERSE.
And that’s it! By staking VERSE, you’ll automatically start earning Bitcoin.
What is the APY for my Bitcoin rewards?
The Bitcoin rewards rate is variable, and will fluctuate depending on the amount of VERSE deposited in the pool. At the time of writing it was ~30% APY. Please see the Verse DEX here for the most up-to-date rate.
What are the Rewards?
For now rewards are paid in tBTC, which is a decentralized, wrapped Bitcoin on Ethereum that’s 1:1 backed by main-net Bitcoin. In the future, we may offer other types of rewards for staking your VERSE. Learn more about Verse Staking here.
What is tBTC?
tBTC, or Threshold Bitcoin, is a system that allows users to create a tokenized version of Bitcoin on the Ethereum blockchain. This token, called tBTC, is backed 1:1 to Bitcoin. For every 1 tBTC in existence, there is 1 BTC locked in a multisig Bitcoin wallet controlled by a randomly selected group of signers from the Threshold Network. tBTC is a decentralized and secure way to bring Bitcoin to the Ethereum blockchain, enabling Bitcoin holders to access the vast world of DeFi applications and services. Learn more about tBTC in our Learning Center.
How do I claim my Bitcoin rewards?
You can claim accumulated Bitcoin rewards at any time by navigating to Verse Staking either in the app or on the web and selecting “Claim Rewards.” Note that you will need some ETH in your wallet to cover the transaction fee associated with claiming your rewards.
Can I withdraw my tBTC back to Bitcoin main-net?
Yes. You can withdraw your tBTC to Bitcoin main-net via Threshold's dashboard here.
Has the staking contract been audited?
Yes, you can view audits here.
What if I’m already staking VERSE?
Rewards in the existing VERSE staking pool will be reduced gradually starting from November 2024. If you are already staking VERSE, it is recommended that you exit the existing pool and re-deposit your VERSE into the VERSE Bitcoin staking pool. You can do that in the app here or on the web at Verse DEX here. Note that the migration will automatically move your VERSE and any accrued rewards in a single transaction (ie. you do not need to separately claim your existing rewards first).