Where and How to Stake Chromia (CHR)

Introduction

Staking Chromia can be a great option for those who want to hold CHR 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. 1. Obtain Chromia (CHR) Tokens

   In order to stake Chromia, you need to have it. To obtain Chromia, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Chromia (CHR)	0.1
   Binance	Chromia (CHR)	0.1
   Bitget	Chromia (CHR)	0.1
   MEXC Global	Chromia (CHR)	0.1
   Bitmart	Chromia (CHR)	0.1
   Gate.io	Chromia (CHR)	0.1

   See all 24 prices

2. 2. Choose a Chromia Wallet

   Once you have CHR, you'll need to choose a Chromia wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Binance	Chromia (CHR)	Up to 1.59 APY
   Stakin	Chromia (CHR)	Up to 10 APY

   See all 4 staking rewards

3. 3. Delegate Your CHR

   We recommend using a staking pool when staking CHR. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their CHR, which gives them a higher chance of validating transactions and earning rewards. You can do 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 Chromia network. You'll be rewarded with CHR 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.