Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   YouHodler	FTX (FTT)	0.48
   BingX	FTX (FTT)	0.48
   Bitget	FTX (FTT)	0.48
   Bitmart	FTX (FTT)	0.48
   Bitpanda	FTX (FTT)	2.25
   FMFW.io	FTX (FTT)	0.83

   See all 13 prices in Canada

2. 2. Select a FTX Wallet in Canada

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

3. 3. Delegate Your FTT in Canada

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