Where and how to stake Celo (CELO)

Introduction

Staking Celo can be a great option for those who wish to hold CELO while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Celo (CELO) Tokens

   To stake Celo, you need to have it. To obtain Celo, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Celo (CELO)	0.34
   OKX	Celo (CELO)	0.35
   Binance	Celo (CELO)	0.38
   Coinbase	Celo (CELO)	0.38
   Bake	Celo (CELO)	0.39
   BingX	Celo (CELO)	0.38

   See all 50 prices

2. 2. Select a Celo Wallet

   Once you have CELO, you’ll need to choose a Celo wallet to store your tokens. Here are some good options.

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

   See all 4 staking rewards

3. 3. Delegate Your CELO

   We suggest using a staking pool for staking CELO. It's easier and quicker to get started. A staking pool is a collection of validators who combine their CELO, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Celo network. You'll be rewarded with CELO for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.