How to Stake Celer Network (CELR) in Australia

Introduction

Staking Celer Network can be a great option for those who want to hold CELR while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Celer Network (CELR) Tokens

   To stake Celer Network, you need to own it. To obtain Celer Network, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Binance	Celer Network (CELR)	0.01
   BTSE	Celer Network (CELR)	0.01
   Coinbase	Celer Network (CELR)	0.01
   Kraken	Celer Network (CELR)	0.01
   OKX	Celer Network (CELR)	0.01
   Uphold	Celer Network (CELR)	0.01

   See all 39 prices

2. 2. Choose a Celer Network Wallet

   Once you have CELR, you'll need to choose a Celer Network wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Binance	Celer Network (CELR)	Up to 3% % p.a.
   Bitpanda	Celer Network (CELR)	Up to 4% % p.a.
   BTSE	Celer Network (CELR)	Up to 2.07% % p.a.

   View all 10 staking rewards

3. 3. Delegate Your CELR

   We recommend using a staking pool when staking CELR. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CELR, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Celer Network network. You'll be rewarded with CELR for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.