How to Stake CHEQD Network (CHEQ)

Introduction

Staking CHEQD Network can be an excellent choice for those looking to hold CHEQ 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 CHEQD Network (CHEQ) Tokens

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

   Plattform	Kryptowährung	Price
   BingX	CHEQD Network (CHEQ)	0,01 APY
   Bitmart	CHEQD Network (CHEQ)	0,01 APY
   Bitpanda	CHEQD Network (CHEQ)	0,05 APY
   CoinEx	CHEQD Network (CHEQ)	0,01 APY
   Gate.io	CHEQD Network (CHEQ)	0,01 APY
   Kucoin	CHEQD Network (CHEQ)	0,01 APY

   View all 13 prices

2. 2. Select a CHEQD Network Wallet

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

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	CHEQD Network (CHEQ)	Up to 10 % APY
   Stakewolle	CHEQD Network (CHEQ)	Up to 12,89 % APY

3. 3. Delegate Your CHEQ

   We recommend using a staking pool when staking CHEQ. It's simpler and faster to get started. A staking pool is a collective of validators who pool their CHEQ, 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 CHEQD Network network. For these validations, you will be rewarded with CHEQ.

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.