How to Stake Celo (CELO)

Introduction

Staking Celo can be an excellent choice for those looking to hold CELO 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Celo (CELO) Tokens

   To stake Celo, you first need to acquire it. To obtain Celo, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   Uphold	Celo (CELO)	0,34 APY
   OKX	Celo (CELO)	0,32 APY
   Binance	Celo (CELO)	0,32 APY
   Coinbase	Celo (CELO)	0,32 APY
   Bake	Celo (CELO)	0,32 APY
   BingX	Celo (CELO)	0,32 APY

   View all 50 prices

2. 2. Select a Celo Wallet

   Once you have CELO, you'll need to select a Celo wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Binance	Celo (CELO)	Up to 0,79 % APY

   Discover all 4 staking rewards available

3. 3. Delegate Your CELO

   We recommend using a staking pool when staking CELO. It's simpler and faster to get started. A staking pool is a collective of validators who pool their CELO, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Celo network. For these validations, you will be rewarded with CELO.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.