Where & How to Stake cheqd (CHEQ)

Introduction

Staking cheqd can be a great option for those who want to hold CHEQ 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 cheqd (CHEQ) Tokens

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

   Platform	Coin	Price
   Bitmart	cheqd (CHEQ)	$0.0253
   MEXC Global	cheqd (CHEQ)	$0.0251

2. 2. Choose a cheqd Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	cheqd (CHEQ)	Up to 10% APY
   Stakewolle	cheqd (CHEQ)	Up to 12.89% APY

3. 3. Delegate Your CHEQ

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