How to Stake CHEQD Network (CHEQ) in India

Introduction

Staking CHEQD Network can be an excellent choice for those looking to hold CHEQ while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Indian Investors

1. 1. Acquire CHEQD Network (CHEQ) Tokens in India

   To stake CHEQD Network, you first need to acquire it. To obtain CHEQD Network, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   Platform	Coin	Cost
   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

   See all 13 rates

2. 2. Choose a CHEQD Network Wallet in India

   Once you have CHEQ, you'll need to choose a CHEQD Network wallet to securely store your tokens. Here are some reliable options available in India.

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

3. 3. Delegate Your CHEQ in India

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

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.