Introduction

Staking Chiliz can be a great option for those who want to hold CHZ 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 Chiliz (CHZ) Tokens

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

   Platform	Coin	Price
   Nexo	Chiliz (CHZ)	0.04
   Kraken	Chiliz (CHZ)	0.04
   OKX	Chiliz (CHZ)	0.04
   M2	Chiliz (CHZ)	0.04
   Binance	Chiliz (CHZ)	0.04
   BTSE	Chiliz (CHZ)	0.04

   See all 67 prices

2. 2. Choose a Chiliz Wallet

   Once you have CHZ, you'll need to choose a Chiliz wallet to store your tokens. Here are some good options.

3. 3. Delegate Your CHZ

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