How to Stake Celo (CELO)

Introduction

Staking Celo can be an excellent choice for those looking to hold CELO 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 Celo (CELO) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Celo (CELO)	0,12 APY
   Coinbase	Celo (CELO)	0,12 APY
   OKX	Celo (CELO)	0,35 APY
   Uphold	Celo (CELO)	0,34 APY
   Bake	Celo (CELO)	0,12 APY
   BingX	Celo (CELO)	0,25 APY

   Check out all 50 prices

2. 2. Select a Celo Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Celo (CELO)	Up to 0,79% APY

   Discover all 4 staking rewards available to you

3. 3. Delegate Your CELO

   We recommend using a staking pool when staking CELO. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their CELO, 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 Celo network. For these validations, you'll receive rewards in CELO.

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.