How to Stake EOS (EOS) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Nexo	EOS (EOS)	0.78
   PrimeXBT	EOS (EOS)	0.75
   EarnPark	EOS (EOS)	0.18
   YouHodler	EOS (EOS)	0.78
   Binance	EOS (EOS)	0.78
   BTSE	EOS (EOS)	0.78

   See all 55 prices in Canada

2. 2. Select a EOS Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   YouHodler	EOS (EOS)	Up to 13% APY in Canada
   Binance	EOS (EOS)	Up to 7.5% APY in Canada

   See all 9 staking rewards in Canada

3. 3. Delegate Your EOS in Canada

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