How to Stake First Digital USD (FDUSD) in Canada

Introduction to Cryptocurrency in Canada

Staking First Digital USD can be an excellent choice for Canadians looking to hold FDUSD 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 First Digital USD (FDUSD) Tokens in Canada

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

   Platform	Coin	Cost
   Binance	First Digital USD (FDUSD)	1
   Azbit	First Digital USD (FDUSD)	1
   BingX	First Digital USD (FDUSD)	1
   Bitget	First Digital USD (FDUSD)	1
   Bybit	First Digital USD (FDUSD)	1

   See all 19 prices in Canada

2. 2. Select a First Digital USD Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Binance	First Digital USD (FDUSD)	Up to 16.2% APY in Canada

3. 3. Delegate Your FDUSD in Canada

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