How to Stake Celer Network (CELR) for better returns

Introduction

Staking Celer Network can be an excellent choice for individuals looking to hold CELR while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Celer Network (CELR) Tokens

   To stake Celer Network, you first need to acquire it. To obtain Celer Network, you can purchase it from these well-known exchanges.

   平台	Coin	Price
   Binance	Celer Network (CELR)	0.01 APY
   BTSE	Celer Network (CELR)	0.01 APY
   Coinbase	Celer Network (CELR)	0.01 APY
   Kraken	Celer Network (CELR)	0.01 APY
   OKX	Celer Network (CELR)	0.01 APY
   Uphold	Celer Network (CELR)	0.01 APY

   View all 39 prices

2. 2. Select a Celer Network Wallet for Your Needs

   Once you have CELR, you'll need to select a Celer Network wallet to securely store your tokens. Here are some excellent options to consider.

   平台	Coin	Staking returns
   Binance	Celer Network (CELR)	Up to 3% APY
   Bitpanda	Celer Network (CELR)	Up to 4% APY
   BTSE	Celer Network (CELR)	Up to 2.07% APY

   View all 10 staking rewards available

3. 3. Delegate Your CELR for Enhanced Returns

   We recommend utilizing a staking pool when staking CELR. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their CELR, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

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

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.