How to Stake Binance-Peg IoTeX (IOTX) in Canada

Introduction to Cryptocurrency in Canada

Staking Binance-Peg IoTeX can be an excellent choice for Canadians looking to hold IOTX 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 Binance-Peg IoTeX (IOTX) Tokens in Canada

   To stake Binance-Peg IoTeX, you first need to acquire it. To obtain Binance-Peg IoTeX, you'll need to purchase it from one of these popular Canadian exchanges.

   Platform	Coin	Cost
   Azbit	Binance-Peg IoTeX (IOTX)	0.01
   FMFW.io	Binance-Peg IoTeX (IOTX)	0.01
   Kucoin	Binance-Peg IoTeX (IOTX)	0.01

   See all 4 prices in Canada

2. 2. Select a Binance-Peg IoTeX Wallet in Canada

   Once you have IOTX, you'll need to choose a Binance-Peg IoTeX wallet to store your tokens. Here are some great options available in Canada.

   Platform	Coin	Staking rewards in Canada
   Kucoin	Binance-Peg IoTeX (IOTX)	Up to 2% APY in Canada

3. 3. Delegate Your IOTX in Canada

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