Earn up to
10% APY in Canada
An in-depth guide on how to stake Akash Network (AKT) in Canada
We have a wealth of information on staking Akash Network (AKT) and we're excited to share some of this with you.
We present you with various staking options featuring other cryptocurrencies that may pique your interest.
Akash Network (AKT) is currently priced at US$9.3 with a 24-hour trading volume of US$9.61M. The market cap of Akash Network stands at US$762.29M, with 247.44M AKT in circulation. For those looking to buy or trade Akash Network, Bitpanda offers avenues to do so securely and efficiently
Staking Akash Network can be an excellent choice for Canadians looking to hold AKT 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.
To stake Akash Network, you first need to acquire it. To obtain Akash Network, you'll need to purchase it from one of these popular Canadian exchanges.
Once you have AKT, you'll need to choose a Akash Network wallet to store your tokens. Here are some great options available in Canada.
| Platform | Coin | Staking rewards in Canada |
|---|---|---|
| Bitpanda | Akash Network (AKT) | Up to 10% APY in Canada |
| Chainode Tech | Akash Network (AKT) | Up to 9.8% APY in Canada |
We recommend using a staking pool when staking AKT. It's simpler and faster to get started. A staking pool is a group of validators who combine their AKT, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Akash Network network. You'll be rewarded with AKT for these validations.
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.
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