How to Stake Celer Network (CELR)

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. 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
   Uphold	Celer Network (CELR)	0,01
   Kraken	Celer Network (CELR)	0,01
   OKX	Celer Network (CELR)	0,01
   Binance	Celer Network (CELR)	0,01
   BTSE	Celer Network (CELR)	0,01
   Coinbase	Celer Network (CELR)	0,01

   View all 39 prices

2. 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 3,66% APY

   View all 10 staking rewards available

3. 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. 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 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.