[step:Convert the pointwise-in-$j$ bound into the Besov norm equivalence via Minkowski on $\ell^q$]
Multiply both sides of the bound from Step 3 by $2^{js}$,
\begin{align*}
2^{js}\,\|\Delta_j f\|_{L^p(\mathbb{R}^n)} \le M\,\sum_{|k - j| \le N} 2^{js}\,\|\tilde\Delta_k f\|_{L^p(\mathbb{R}^n)}.
\end{align*}
Substitute $j = k + r$ with $r \in \{-N, \ldots, N\}$. For $k \ge 0$ and $r$ in this range, $j \ge 0$ provided $k \ge -r$, automatically true if $r \ge 0$ and otherwise $k \ge |r|$. The factor $2^{js} = 2^{(k+r)s} = 2^{rs}\,2^{ks}$. Hence
\begin{align*}
2^{js}\,\|\Delta_j f\|_{L^p} \le M\,\sum_{r = -N}^{N}\mathbb{1}_{\{k = j - r \ge 0\}}\,2^{rs}\,2^{ks}\,\|\tilde\Delta_k f\|_{L^p}.
\end{align*}
where $\mathbb{1}_{\{k = j - r \ge 0\}}$ denotes the indicator that the index $k = j - r$ is non-negative. Set $\Lambda := M\,\max_{|r| \le N} 2^{|r||s|} \cdot (2N+1)$, which depends only on $s$, $N$, and $M$ (i.e., only on $s$, $\hat\psi$, $\hat{\tilde\psi}$).
For $1 \le q < \infty$, raise both sides to the $q$-th power, take $\ell^q$ over $j \ge 0$, and apply Minkowski's inequality (or a direct convolution-on-$\ell^q$ argument) to the finite sum on the right. The shifted-index sum is a discrete convolution of a finitely supported sequence (length $2N+1$) with the sequence $(2^{ks}\|\tilde\Delta_k f\|_{L^p})_{k \ge 0}$. By Young's inequality on $\ell^q$ ($\|a * b\|_{\ell^q} \le \|a\|_{\ell^1}\,\|b\|_{\ell^q}$ for $1 \le q \le \infty$), with $a$ the kernel $r \mapsto 2^{rs}\,M\,\mathbb{1}_{|r|\le N}$ (whose $\ell^1$-norm is $\le \Lambda$) and $b$ the sequence $(2^{ks}\|\tilde\Delta_k f\|_{L^p})_{k \ge 0}$,
\begin{align*}
\Bigl(\sum_{j \ge 0}\bigl(2^{js}\,\|\Delta_j f\|_{L^p}\bigr)^q\Bigr)^{1/q} \le \Lambda\,\Bigl(\sum_{k \ge 0}\bigl(2^{ks}\,\|\tilde\Delta_k f\|_{L^p}\bigr)^q\Bigr)^{1/q},
\end{align*}
i.e., $\|f\|_{B^s_{p,q}(\{\Delta_j\})} \le \Lambda\,\|f\|_{B^s_{p,q}(\{\tilde\Delta_j\})}$.
For $q = \infty$, the same argument with $\sup$ in place of the $\ell^q$ sum gives $\sup_{j \ge 0}2^{js}\,\|\Delta_j f\|_{L^p} \le \Lambda\,\sup_{k \ge 0}2^{ks}\,\|\tilde\Delta_k f\|_{L^p}$.
Setting $C := \Lambda$, we have established
\begin{align*}
\|f\|_{B^s_{p,q}(\{\Delta_j\})} \le C\,\|f\|_{B^s_{p,q}(\{\tilde\Delta_j\})}.
\end{align*}
[/step]