Introduction to Cryptocurrency in Canada
Staking GMT can be an excellent choice for Canadians looking to hold GMT 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. Acquire GMT (GMT) Tokens in Canada
To stake GMT, you first need to acquire it. To obtain GMT, you'll need to purchase it from one of these popular Canadian exchanges.
2. Select a GMT Wallet in Canada
Once you have GMT, you'll need to choose a GMT wallet to store your tokens. Here are some great options available in Canada.
3. Delegate Your GMT in Canada
We recommend using a staking pool when staking GMT. It's simpler and faster to get started. A staking pool is a group of validators who combine their GMT, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 GMT network. You'll be rewarded with GMT 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.
Latest Movements in Canada
- Market capitalization
- US$379.33M
- 24h trading volume
- US$105.93M
- Circulating supply in Canada
- 2.69B GMT
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