How to Stake Celo (CELO)

Introduction

Staking Celo can be an excellent choice for those looking to hold CELO 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 Celo (CELO) Tokens

   To stake Celo, you first need to acquire it. To obtain Celo, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Uphold	Celo (CELO)	0,34
   OKX	Celo (CELO)	0,35
   Binance	Celo (CELO)	0,3
   Coinbase	Celo (CELO)	0,3
   Bake	Celo (CELO)	0,3
   BingX	Celo (CELO)	0,3

   View all 50 prices

2. 2. Select a Celo Wallet

   Once you have CELO, you'll need to choose a Celo wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Binance	Celo (CELO)	Up to 0,79% APY

   View all 4 staking rewards available

3. 3. Delegate Your CELO

   We recommend using a staking pool when staking CELO. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their CELO, 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 Celo network. You'll be rewarded with CELO 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.