How to Stake Bitcoin Cash (BCH) in Canada

Introduction to Cryptocurrency in Canada

Staking Bitcoin Cash can be an excellent choice for Canadians looking to hold BCH 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 Bitcoin Cash (BCH) Tokens in Canada

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

   Platform	Coin	Cost
   Nexo	Bitcoin Cash (BCH)	598.05
   PrimeXBT	Bitcoin Cash (BCH)	595.84
   EarnPark	Bitcoin Cash (BCH)	590.96
   YouHodler	Bitcoin Cash (BCH)	596.68
   Binance	Bitcoin Cash (BCH)	596.9
   OKX	Bitcoin Cash (BCH)	593.3

   See all 57 prices in Canada

2. 2. Select a Bitcoin Cash Wallet in Canada

   Once you have BCH, you'll need to choose a Bitcoin Cash wallet to store your tokens. Here are some great options available in Canada.

   Platform	Coin	Staking rewards in Canada
   YouHodler	Bitcoin Cash (BCH)	Up to 9% APY in Canada

3. 3. Delegate Your BCH in Canada

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