How to Stake Celo (CELO): A Comprehensive Guide for the UK

Introduction

Staking Celo can be an excellent option for those who wish to hold CELO while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. Obtain Celo (CELO) Tokens
To stake Celo, you need to possess it. To obtain Celo, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Binance Celo (CELO) 0.13
Coinbase Celo (CELO) 0.13
OKX Celo (CELO) 0.35
Uphold Celo (CELO) 0.34
Bake Celo (CELO) 0.13
BingX Celo (CELO) 0.25
View all 50 prices
2. Choose a Celo Wallet
Once you have CELO, you'll need to choose a Celo wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards
Binance Celo (CELO) Up to 0.79% AER
View all 4 staking rewards
3. Delegate Your CELO
We recommend using a staking pool when staking CELO. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CELO, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
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 Celo network. You will be rewarded with CELO for these validations.

Platform	Coin	Price
Binance	Celo (CELO)	0.13
Coinbase	Celo (CELO)	0.13
OKX	Celo (CELO)	0.35
Uphold	Celo (CELO)	0.34
Bake	Celo (CELO)	0.13
BingX	Celo (CELO)	0.25

Platform	Coin	Staking rewards
Binance	Celo (CELO)	Up to 0.79% AER

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.