How to Stake Chromia (CHR) in Australia

Introduction

Staking Chromia can be a great option for those who want to hold CHR 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 Chromia (CHR) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Chromia (CHR)	0.04
   Binance	Chromia (CHR)	0.04
   Uphold	Chromia (CHR)	0.09
   BingX	Chromia (CHR)	0.04
   Bitget	Chromia (CHR)	0.04
   Bitmart	Chromia (CHR)	0.05

   See all 25 prices

2. 2. Choose a Chromia Wallet

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

   Platform	Coin	Staking returns
   Binance	Chromia (CHR)	Up to 2.4% % p.a.

   View all 4 staking rewards

3. 3. Delegate Your CHR

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