How to Stake Ankr Network (ANKR) in Canada

Introduction to Cryptocurrency in Canada

Staking Ankr Network can be an excellent choice for Canadians looking to hold ANKR 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 Ankr Network (ANKR) Tokens in Canada

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

   Platform	Coin	Cost
   Uphold	Ankr Network (ANKR)	0.02
   Kraken	Ankr Network (ANKR)	0.02
   Binance	Ankr Network (ANKR)	0.02
   BTSE	Ankr Network (ANKR)	0.02
   Coinbase	Ankr Network (ANKR)	0.02
   Azbit	Ankr Network (ANKR)	0.02

   See all 46 prices in Canada

2. 2. Select a Ankr Network Wallet in Canada

   Once you have ANKR, you'll need to choose a Ankr Network wallet to store your tokens. Here are some great options available in Canada.

   Platform	Coin	Staking rewards in Canada
   Ankr	Ankr Network (ANKR)	Up to 2.95% APY in Canada
   Binance	Ankr Network (ANKR)	Up to 1.7% APY in Canada

   See all 5 staking rewards in Canada

3. 3. Delegate Your ANKR in Canada

   We recommend using a staking pool when staking ANKR. It's simpler and faster to get started. A staking pool is a group of validators who combine their ANKR, 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 Ankr Network network. You'll be rewarded with ANKR 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.