How to Stake 1inch (1INCH): A Step-by-Step Guide for Canadians

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. 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) 0.16
PrimeXBT 1inch (1INCH) 0.16
YouHodler 1inch (1INCH) 0.16
Binance 1inch (1INCH) 0.16
BTSE 1inch (1INCH) 0.16
Coinbase 1inch (1INCH) 0.16
See all 61 prices in Canada
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. 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. 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.

Platform	Coin	Cost
Nexo	1inch (1INCH)	0.16
PrimeXBT	1inch (1INCH)	0.16
YouHodler	1inch (1INCH)	0.16
Binance	1inch (1INCH)	0.16
BTSE	1inch (1INCH)	0.16
Coinbase	1inch (1INCH)	0.16

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

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.