How to Stake Beyond Protocol (BP) in Canada

Introduction to Cryptocurrency in Canada

Staking Beyond Protocol can be an excellent choice for Canadians looking to hold BP 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 Beyond Protocol (BP) Tokens in Canada

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

   Platform	Coin	Cost
   Gate.io	Beyond Protocol (BP)	0

2. 2. Select a Beyond Protocol Wallet in Canada

   Once you have BP, you'll need to choose a Beyond Protocol wallet to store your tokens. Here are some great options available in Canada.

   Platform	Coin	Staking rewards in Canada
   MyCointainer	Beyond Protocol (BP)	Up to 11.5% APY in Canada

3. 3. Delegate Your BP in Canada

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