Where and how to stake CHEQD Network (CHEQ)

Introduction

Staking CHEQD Network can be a great option for those who wish to hold CHEQ 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 CHEQD Network (CHEQ) Tokens

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

   Platform	Coin	Price
   MEXC Global	CHEQD Network (CHEQ)	0.02
   Bitmart	CHEQD Network (CHEQ)	0.01
   Kucoin	CHEQD Network (CHEQ)	0.02
   BingX	CHEQD Network (CHEQ)	0.02
   CoinEx	CHEQD Network (CHEQ)	0.02
   Gate.io	CHEQD Network (CHEQ)	0.02

   See all 13 prices

2. 2. Select a CHEQD Network Wallet

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

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

3. 3. Delegate Your CHEQ

   We suggest using a staking pool for staking CHEQ. It's easier and quicker to get started. A staking pool is a collection of validators who combine their CHEQ, 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 CHEQD Network network. You'll be rewarded with CHEQ 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.