How to Stake CHEQD Network (CHEQ) in the UK

Introduction

Staking CHEQD Network can be an excellent option for those who wish to hold CHEQ 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. 1. Obtain CHEQD Network (CHEQ) Tokens

   To stake CHEQD Network, you need to possess it. To obtain CHEQD Network, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   BingX	CHEQD Network (CHEQ)	0.01
   Bitmart	CHEQD Network (CHEQ)	0.01
   Bitpanda	CHEQD Network (CHEQ)	0.05
   CoinEx	CHEQD Network (CHEQ)	0.01
   Gate.io	CHEQD Network (CHEQ)	0.01
   Kucoin	CHEQD Network (CHEQ)	0.01

   View all 13 prices

2. 2. Choose a CHEQD Network Wallet

   Once you have CHEQ, you'll need to choose a CHEQD Network wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   MyCointainer	CHEQD Network (CHEQ)	Up to 10% AER
   Stakewolle	CHEQD Network (CHEQ)	Up to 12.89% AER

3. 3. Delegate Your CHEQ

   We recommend using a staking pool when staking CHEQ. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CHEQ, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the CHEQD Network network. You will be rewarded with CHEQ for these validations.

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.