How to Stake Celer (CELR) with Nansen

In this guide, I'll share everything you need to know about buying and staking CELR tokens to earn passive income while supporting this innovative scaling platform.

What is Celer Network and Why Stake CELR?

Celer Network is a leading layer-2 scaling platform designed to enable fast, secure, and low-cost blockchain transactions. It facilitates seamless interoperability between multiple blockchains through its cBridge cross-chain messaging service, making it a vital component in the decentralized finance (DeFi) ecosystem.

The native CELR token powers the Celer Network and offers several compelling benefits for those who choose to stake:

Benefits of CELR Staking:

• Earn Passive Income: Receive staking rewards generated from transaction fees on cBridge and network incentives
• Network Security: By staking, you help secure the State Guardian Network (SGN), Celer's security infrastructure
• Low Entry Barrier: Start staking with as little as 1 CELR, making it accessible to most investors
• Support Layer-2 Innovation: Your stake contributes to the development of blockchain scaling solutions

With these advantages in mind, let's explore how to buy CELR before diving into the staking process.

How to Buy CELR: Step-by-Step Guide

Before you can stake Celer tokens, you'll need to acquire them. Here's a comprehensive guide to purchasing CELR:

Option 1: Buying CELR on Major Exchanges

Several reputable exchanges offer CELR trading:

Using Binance:

1. Create an account on Binance and complete the verification process
2. Add funds to your account via bank transfer, credit/debit card, or cryptocurrency deposit
3. Navigate to the Markets section and search for CELR
4. Purchase CELR using trading pairs like CELR/USDT or CELR/BTC
5. After purchasing, withdraw to your personal wallet for staking

Using Coinbase:

1. Set up and verify your Coinbase account
2. Deposit funds through your preferred method
3. Find CELR in the trading section
4. Execute your purchase at your desired price
5. Transfer tokens to your staking wallet

Using Kraken:

1. Create and verify your Kraken account
2. Fund your account with fiat or cryptocurrency
3. Navigate to the trading platform and search for CELR pairs
4. Place your buy order
5. Withdraw CELR to your compatible wallet

Option 2: Using Decentralized Exchanges (DEXes)

For those who prefer non-custodial trading:

1. Set up MetaMask or another Ethereum-compatible wallet
2. Fund your wallet with ETH or stablecoins like USDT
3. Connect to a DEX like Uniswap or SushiSwap
4. Swap your existing tokens for CELR
5. Your CELR will be stored directly in your wallet, ready for staking

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How to Stake CELR with Nansen

Nansen offers a streamlined experience for staking SKALE tokens:

1. Go to the Staking Page
   Visit KAVA on Nansen's Staking Hub
2. Link Your Wallet - Click on 'Stake' and select the Ethereum network (since CELR operates on Ethereum). Nansen supports multiple wallet connections including Rabby, Metamask, Ledger, WalletConnect, Trezor, imloken, Fortmatic Torus.
3. Specify Your Staking Amount - Enter how many CELR tokens you want to delegate. Remember to leave some ETH for transaction fees on the Ethereum network
4. Review and Approve - Double-check all details and confirm your delegation. Once processed, your CELR tokens will begin earning staking rewards immediately.

Why Stake CELR on Nansen

When you choose Nansen for your CELR staking, you gain access to a reliable platform built for both beginners and experienced investors.

In just 4-6 months since acquiring StakewithUs, we have quickly grown to manage over $1 billion in staked assets.

We've already partnered with many leading blockchain networks and plan to add more chains and custodial services soon.

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