Earn up to
9.23% APY in Canada
An in-depth guide on how to stake Cudos (CUDOS) in Canada
We have a wealth of information on staking Cudos (CUDOS) 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.
Cudos (CUDOS) is currently priced at US$6.86 with a 24-hour trading volume of US$1,619.01. The market cap of Cudos stands at US$73.26M, with 7.38B CUDOS in circulation. For those looking to buy or trade Cudos, MyCointainer offers avenues to do so securely and efficiently
Staking Cudos can be an excellent choice for Canadians looking to hold CUDOS 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 Cudos, you first need to acquire it. To obtain Cudos, you'll need to purchase it from one of these popular Canadian exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Gate.io | Cudos (CUDOS) | 0.01 |
| Kucoin | Cudos (CUDOS) | 0.01 |
Once you have CUDOS, you'll need to choose a Cudos wallet to store your tokens. Here are some great options available in Canada.
| Platform | Coin | Staking rewards in Canada |
|---|---|---|
| MyCointainer | Cudos (CUDOS) | Up to 9.23% APY in Canada |
| Valid Blocks | Cudos (CUDOS) | Up to 6.86% APY in Canada |
We recommend using a staking pool when staking CUDOS. It's simpler and faster to get started. A staking pool is a group of validators who combine their CUDOS, 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 Cudos network. You'll be rewarded with CUDOS 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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