How to Stake Chromia (CHR)

Introduction

Staking Chromia can be an excellent choice for those looking to hold CHR 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 Chromia (CHR) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Chromia (CHR)	0.1 APY
   Uphold	Chromia (CHR)	0.09 APY
   BingX	Chromia (CHR)	0.1 APY
   Bitget	Chromia (CHR)	0.1 APY
   Bitmart	Chromia (CHR)	0.11 APY
   Bitpanda	Chromia (CHR)	0.26 APY

   Check out all 24 prices

2. 2. Select a Chromia Wallet

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

   Piattaforma	Criptovaluta	Staking rewards
   Binance	Chromia (CHR)	Up to 1.59% APY

   Discover all 4 staking rewards available to you

3. 3. Delegate Your CHR

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

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.