Introduction to Cryptocurrency in Canada

Staking Covalent X Token can be an excellent choice for Canadians looking to hold CXT 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 Covalent X Token (CXT) Tokens in Canada

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

   Platform	Coin	Cost
   Kraken	Covalent X Token (CXT)	0.01
   OKX	Covalent X Token (CXT)	0.03
   Uphold	Covalent X Token (CXT)	0.03
   BingX	Covalent X Token (CXT)	0.01
   Bitmart	Covalent X Token (CXT)	0.01
   Bitstamp	Covalent X Token (CXT)	0.01

   See all 23 prices in Canada

2. 2. Select a Covalent X Token Wallet in Canada

   Once you have CXT, you'll need to choose a Covalent X Token wallet to store your tokens. Here are some great options available in Canada.

3. 3. Delegate Your CXT in Canada

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