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 might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Celer Network (CELR) Tokens

   To stake Celer Network, you first need to acquire it. To obtain Celer Network, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   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

   See all 39 prices in Uganda

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 reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   Binance	Celer Network (CELR)	Up to 4.01% APY
   Bitpanda	Celer Network (CELR)	Up to 4% APY
   BTSE	Celer Network (CELR)	Up to 4.41% APY

   View all 10 staking rewards available.

3. 3. Delegate Your CELR

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

4. 4. Start Validating

   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. You'll be rewarded with CELR for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.