How to Stake Covalent Query Token (CQT) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Kraken	Covalent Query Token (CQT)	0
   BingX	Covalent Query Token (CQT)	0.97
   Gate.io	Covalent Query Token (CQT)	0.12
   MEXC Global	Covalent Query Token (CQT)	0.03

   See all 7 prices in Canada

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

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

   Platform	Coin	Staking rewards in Canada
   Stakely.io	Covalent Query Token (CQT)	Up to 10.58% APY in Canada

3. 3. Delegate Your CQT in Canada

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