How to Stake Celer Network (CELR)

Introduction

Staking Celer Network can be an excellent choice for those looking to hold CELR while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Celer Network (CELR) Tokens

   To stake Celer Network, you must first acquire it. To obtain Celer Network, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Binance	Celer Network (CELR)	0.01 APY
   BTSE	Celer Network (CELR)	0.01 APY
   Coinbase	Celer Network (CELR)	0.01 APY
   Kraken	Celer Network (CELR)	0.01 APY
   OKX	Celer Network (CELR)	0.01 APY
   Uphold	Celer Network (CELR)	0.01 APY

   Check out all 39 prices

2. 2. Select a Celer Network Wallet

   Once you have CELR, you'll need to select a Celer Network wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Celer Network (CELR)	Up to 3% APY
   Bitpanda	Celer Network (CELR)	Up to 4% APY
   BTSE	Celer Network (CELR)	Up to 2.07% APY

   Discover all 10 staking rewards available to you

3. 3. Delegate Your CELR

   We recommend using a staking pool when staking CELR. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their CELR, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Celer Network network. For these validations, you'll receive rewards in CELR.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.