How to Stake Chromia (CHR)

Introduction

Staking Chromia can be an excellent choice for those looking to hold CHR 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 Chromia (CHR) Tokens

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

   Plattform	Kryptowährung	Price
   PrimeXBT	Chromia (CHR)	0,04 APY
   Binance	Chromia (CHR)	0,04 APY
   Uphold	Chromia (CHR)	0,09 APY
   BingX	Chromia (CHR)	0,04 APY
   Bitget	Chromia (CHR)	0,04 APY
   Bitmart	Chromia (CHR)	0,05 APY

   View all 25 prices

2. 2. Select a Chromia Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Binance	Chromia (CHR)	Up to 2,4 % APY

   Discover all 4 staking rewards available

3. 3. Delegate Your CHR

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

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.