How to Stake Celo (CELO) in Australia

Introduction

Staking Celo can be a great option for those who want to hold CELO 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 Celo (CELO) Tokens

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

   Platform	Coin	Cost
   Binance	Celo (CELO)	0.33
   Coinbase	Celo (CELO)	0.33
   OKX	Celo (CELO)	0.35
   Uphold	Celo (CELO)	0.34
   Bake	Celo (CELO)	0.33
   BingX	Celo (CELO)	0.33

   See all 50 prices

2. 2. Choose a Celo Wallet

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

   Platform	Coin	Staking returns
   Binance	Celo (CELO)	Up to 0.79% % p.a.

   View all 4 staking rewards

3. 3. Delegate Your CELO

   We recommend using a staking pool when staking CELO. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CELO, 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 Celo network. You'll be rewarded with CELO 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.