How to Stake Celer Network (CELR): A Step-by-Step Guide

Introduction

Staking Celer Network can be a great option for those who want to hold CELR but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Celer Network (CELR) Tokens
In order to stake Celer Network, you need to have it. To obtain Celer Network, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Binance Celer Network (CELR) 0
BTSE Celer Network (CELR) 0
Coinbase Celer Network (CELR) 0
Kraken Celer Network (CELR) 0
OKX Celer Network (CELR) 0.01
Uphold Celer Network (CELR) 0.01
See all 39 prices
2. Choose a Celer Network Wallet
Once you have CELR, you'll need to choose a Celer Network wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance Celer Network (CELR) Up to 4.01% APY
Bitpanda Celer Network (CELR) Up to 4% APY
BTSE Celer Network (CELR) Up to 4.47% APY
See all 10 staking rewards
3. Delegate Your CELR
We recommend using a staking pool when staking CELR. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their CELR, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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.

Platform	Coin	Price
Binance	Celer Network (CELR)	0
BTSE	Celer Network (CELR)	0
Coinbase	Celer Network (CELR)	0
Kraken	Celer Network (CELR)	0
OKX	Celer Network (CELR)	0.01
Uphold	Celer Network (CELR)	0.01

Platform	Coin	Staking rewards
Binance	Celer Network (CELR)	Up to 4.01% APY
Bitpanda	Celer Network (CELR)	Up to 4% APY
BTSE	Celer Network (CELR)	Up to 4.47% APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

Celer Network (CELR) is currently priced at $20 with a 24-hour trading volume of $6.82M. The market cap of Celer Network stands at $94.14M, with 5.65B CELR in circulation. For those looking to buy or trade Celer Network, Binance offers avenues to do so securely and efficiently

Market cap: $94.14M
24h volume: $6.82M
Circulating supply: 5.65B CELR

See latest information

Frequently Asked Questions About Celer Network (CELR) Staking

What is Celer Network (CELR) and what is its main use case?: Celer Network (CELR) is a layer-2 scaling platform designed to accelerate and simplify off-chain interactions for decentralized applications (dApps) built on public blockchains. Its core use cases include fast, low-cost micro-transactions, scalable off-chain state channels, and generalized off-chain computing for dApps like games and DeFi. This helps reduce congestion and gas costs on main chains while preserving security through cryptographic proofs. CELR is the native token used for staking, governance, and paying for network services within the Celer ecosystem.
How many CELR tokens are in circulation and what is the max supply?: As of the latest data, approximately 5.645 billion CELR are in circulation. The maximum supply is 10 billion CELR. This means there is a substantial portion of the token supply still circulating, with a capped maximum that can influence scarcity over time. Investors should monitor supply metrics and any token unlock schedules from project updates to understand potential effects on price and liquidity.
How can I use CELR in practice, e.g., for staking or paying for services?: CELR can be used to access network services, participate in governance, and stake to help secure certain components of the Celer ecosystem. Staking rewards may be offered to CELR holders who lock their tokens for a defined period, contributing to network stability and security. Additionally, CELR is used to pay for off-chain computation and state channels on compatible dApps. To participate, join a supported wallet or platform that supports CELR staking and payments, and follow the project’s official guidance on eligibility, lock-up periods, and payout schedules.
What are the risks of investing in CELR and how volatile is it?: CELR, like most cryptocurrencies, carries market risk, technical risk, and regulatory risk. The price can be volatile due to market sentiment, project developments, or macro factors. While Celer aims to reduce on-chain gas costs and improve scalability, adoption, competition from other layer-2 solutions, or changes in main-chain fees can impact demand for CELR. Always assess your risk tolerance, diversify your holdings, and consider the token’s use cases, development activity, and ecosystem integrations before investing.
Where can I buy CELR and how do I store it securely?: CELR is listed on multiple exchanges and can be traded against various fiat and crypto pairs. To buy CELR, create an account on a reputable exchange, complete KYC if required, and place a buy order. For secure storage, transfer CELR to a hardware wallet or a software wallet with strong security practices (strong passwords, two-factor authentication, and backup of private keys). If you prefer liquidity and convenience, keep only the amount you plan to trade on an exchange, and move larger stakes to a secure wallet for long-term custody.