Earn up to
10% APY in Canada
An in-depth guide on how to stake CHEQD Network (CHEQ) in Canada
We have a wealth of information on staking CHEQD Network (CHEQ) 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.
CHEQD Network (CHEQ) is currently priced at US$10 with a 24-hour trading volume of US$650,395. The market cap of CHEQD Network stands at US$40.11M, with 846.16M CHEQ in circulation. For those looking to buy or trade CHEQD Network, MyCointainer offers avenues to do so securely and efficiently}
Staking CHEQD Network can be an excellent choice for Canadians looking to hold CHEQ 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 CHEQD Network, you first need to acquire it. To obtain CHEQD Network, you'll need to purchase it from one of these popular Canadian exchanges.
Once you have CHEQ, you'll need to choose a CHEQD Network wallet to store your tokens. Here are some great options available in Canada.
| Platform | Coin | Staking rewards in Canada |
|---|---|---|
| MyCointainer | CHEQD Network (CHEQ) | Up to 10% APY in Canada |
| Stakewolle | CHEQD Network (CHEQ) | Up to 12.89% APY in Canada |
We recommend using a staking pool when staking CHEQ. It's simpler and faster to get started. A staking pool is a group of validators who combine their CHEQ, 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 CHEQD Network network. You'll be rewarded with CHEQ 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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