How to Stake Harmony (ONE) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Harmony (ONE)	0
   BTSE	Harmony (ONE)	0
   OKX	Harmony (ONE)	0.01
   Uphold	Harmony (ONE)	0.01
   Bitmart	Harmony (ONE)	0.01

   See all 22 prices in Canada

2. 2. Select a Harmony Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Binance	Harmony (ONE)	Up to 6% APY in Canada
   Bitpanda	Harmony (ONE)	Up to 7% APY in Canada
   Chainode Tech	Harmony (ONE)	Up to 11% APY in Canada

   See all 6 staking rewards in Canada

3. 3. Delegate Your ONE in Canada

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