How to Stake Chromia (CHR) in the UK

Introduction

Staking Chromia can be an excellent option for those who wish to hold CHR 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 Chromia (CHR) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Chromia (CHR)	0.04
   Binance	Chromia (CHR)	0.04
   Uphold	Chromia (CHR)	0.09
   BingX	Chromia (CHR)	0.04
   Bitget	Chromia (CHR)	0.04
   Bitmart	Chromia (CHR)	0.05

   View all 25 prices

2. 2. Choose a Chromia Wallet

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

   Platform	Coin	Staking rewards
   Binance	Chromia (CHR)	Up to 2.4% AER

   View all 4 staking rewards

3. 3. Delegate Your CHR

   We recommend using a staking pool when staking CHR. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CHR, 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 Chromia network. You will be rewarded with CHR 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.