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

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 may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. Acquire Celer Network (CELR) Tokens
To stake Celer Network, you first need to acquire it. To obtain Celer Network, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
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
View all 39 prices
2. Select a Celer Network Wallet
Once you have CELR, you'll need to choose a Celer Network wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
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. 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. 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	Mint	Cost
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	Mint	Staking rewards in South Africa
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

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.