Where and How to Stake CoinEx (CET)

Introduction

Staking CoinEx can be a great option for those who want to hold CET 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 CoinEx (CET) Tokens

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

2. 2. Choose a CoinEx Wallet

   Once you have CET, you’ll need to choose a CoinEx wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   MyCointainer	CoinEx (CET)	Up to 7.2 APY

3. 3. Delegate Your CET

   We recommend using a staking pool when staking CET. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their CET, 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 CoinEx network. You’ll be rewarded with CET 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.