How to Stake CHEQD Network (CHEQ)

Introduction

Staking CHEQD Network can be an excellent choice for those looking to hold CHEQ 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 CHEQD Network (CHEQ) Tokens

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

   Piattaforma	Criptovaluta	Value
   BingX	CHEQD Network (CHEQ)	0,01 APY
   Bitmart	CHEQD Network (CHEQ)	0,01 APY
   Bitpanda	CHEQD Network (CHEQ)	0,05 APY
   CoinEx	CHEQD Network (CHEQ)	0,01 APY
   Gate.io	CHEQD Network (CHEQ)	0,01 APY
   Kucoin	CHEQD Network (CHEQ)	0,01 APY

   Check out all 13 prices

2. 2. Select a CHEQD Network Wallet

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

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

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.