Where & how to stake Celo (CELO)

Introduction

Staking Celo can be a great option for those who want to hold CELO 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

1. 1. Obtain Celo (CELO) tokens

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

   Platform	Coin	Price
   Bitpanda	Celo (CELO)	$0.4089
   Uphold	Celo (CELO)	$0.5004
   Wirex	Celo (CELO)	$0.4095
   OKX	Celo (CELO)	$0.4069
   Binance	Celo (CELO)	$0.406
   BingX	Celo (CELO)	$0.4068

   See all 11 prices

2. 2. Choose a Celo wallet

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

   Platform	Coin	Staking rewards
   Binance	Celo (CELO)	Up to 1.9% APY
   MyCointainer	Celo (CELO)	Up to 4.53% APY

3. 3. Delegate your CELO

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