Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Gnosis (GNO)	143.82
   Coinbase	Gnosis (GNO)	142.78
   Kraken	Gnosis (GNO)	140.78
   Uphold	Gnosis (GNO)	132.82
   Bake	Gnosis (GNO)	143.75
   BingX	Gnosis (GNO)	144.07

   See all 40 prices in Canada

2. 2. Select a Gnosis Wallet in Canada

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

3. 3. Delegate Your GNO in Canada

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