Latest Movements in Canada
- Market capitalization
- US$51,272
- 24h trading volume
- US$489.83
- Circulating supply in Canada
- 690.96M GEM
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USDCImportant Notice
Staking Gems can be an excellent choice for Canadians looking to hold GEM 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 Gems, you first need to acquire it. To obtain Gems, you'll need to purchase it from one of these popular Canadian exchanges.
Once you have GEM, you'll need to choose a Gems wallet to store your tokens. Here are some great options available in Canada.
We recommend using a staking pool when staking GEM. It's simpler and faster to get started. A staking pool is a group of validators who combine their GEM, 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 Gems network. You'll be rewarded with GEM 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.
