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.
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.
See all 6 staking rewardsPlatform Coin Staking rewards Bitpanda Celer Network (CELR) Up to 4.00 APY Bitmart Celer Network (CELR) Up to 0.50 APY Binance Celer Network (CELR) Up to 3.00 APY 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.
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 $5.00 with a 24-hour trading volume of $7.00M. The market cap of Celer Network stands at $58.86M, with $5.65B CELR in circulation. For those looking to buy or trade Celer Network, Bitpanda offers avenues to do so securely and efficiently}
- Market cap
- $58.86M
- 24h volume
- $7.00M
- Circulating supply
- $5.65B