Where and how to stake Chromia (CHR)

Introduction

Staking Chromia can be a great option for those who wish to hold CHR 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 Chromia (CHR) Tokens

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

   Platform	Coin	Price
   Uphold	Chromia (CHR)	0.08
   Binance	Chromia (CHR)	0.08
   MEXC Global	Chromia (CHR)	0.08
   Bitget	Chromia (CHR)	0.08
   Bitmart	Chromia (CHR)	0.08
   Gate.io	Chromia (CHR)	0.08

   See all 24 prices

2. 2. Select a Chromia Wallet

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

   Platform	Coin	Staking rewards
   Binance	Chromia (CHR)	Up to 1.59% APY
   Stakin	Chromia (CHR)	Up to 10% APY

   See all 4 staking rewards

3. 3. Delegate Your CHR

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