How to Stake Concordium (CCD)

Introduction

Staking Concordium can be an excellent choice for those looking to hold CCD 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 Concordium (CCD) Tokens

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

   Platform	Mint	Cost
   Kraken	Concordium (CCD)	0,01
   Bitfinex	Concordium (CCD)	0
   Bitmart	Concordium (CCD)	0,01
   CoinEx	Concordium (CCD)	0,01

   View all 6 prices

2. 2. Select a Concordium Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Stakely.io	Concordium (CCD)	Up to 6,72% APY

3. 3. Delegate Your CCD

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