How to Stake 1inch (1INCH) in Canada

Introduction to Cryptocurrency in Canada

Staking 1inch can be an excellent choice for Canadians looking to hold 1INCH while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Canadians

1. 1. Acquire 1inch (1INCH) Tokens in Canada

   To stake 1inch, you first need to acquire it. To obtain 1inch, you'll need to purchase it from one of these popular Canadian exchanges.

   Platform	Coin	Cost
   Nexo	1inch (1INCH)	0.15
   PrimeXBT	1inch (1INCH)	0.15
   YouHodler	1inch (1INCH)	0.15
   Binance	1inch (1INCH)	0.15
   BTSE	1inch (1INCH)	0.15
   Coinbase	1inch (1INCH)	0.15

   See all 61 prices in Canada

2. 2. Select a 1inch Wallet in Canada

   Once you have 1INCH, you'll need to choose a 1inch wallet to store your tokens. Here are some great options available in Canada.

   Platform	Coin	Staking rewards in Canada
   Binance	1inch (1INCH)	Up to 0.2% APY in Canada

3. 3. Delegate Your 1INCH in Canada

   We recommend using a staking pool when staking 1INCH. It's simpler and faster to get started. A staking pool is a group of validators who combine their 1INCH, which increases their chances 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 1inch network. You'll be rewarded with 1INCH for these validations.

What Canadians Should Be Aware Of

In Canada, it's important to consider transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.