How to Stake Horizen (ZEN): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Staking Horizen can be an excellent choice for Canadians looking to hold ZEN 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 Horizen (ZEN) Tokens in Canada
To stake Horizen, you first need to acquire it. To obtain Horizen, you'll need to purchase it from one of these popular Canadian exchanges.
Platform Coin Cost
PrimeXBT Horizen (ZEN) 7.87
Binance Horizen (ZEN) 7.88
Coinbase Horizen (ZEN) 7.87
OKX Horizen (ZEN) 7.93
BingX Horizen (ZEN) 11.52
Bitget Horizen (ZEN) 7.88
See all 28 prices in Canada
2. Select a Horizen Wallet in Canada
Once you have ZEN, you'll need to choose a Horizen wallet to store your tokens. Here are some great options available in Canada.
Platform Coin Staking rewards in Canada
MyCointainer Horizen (ZEN) Up to 5.78% APY in Canada
3. Delegate Your ZEN in Canada
We recommend using a staking pool when staking ZEN. It's simpler and faster to get started. A staking pool is a group of validators who combine their ZEN, 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 Horizen network. You'll be rewarded with ZEN for these validations.

Platform	Coin	Cost
PrimeXBT	Horizen (ZEN)	7.87
Binance	Horizen (ZEN)	7.88
Coinbase	Horizen (ZEN)	7.87
OKX	Horizen (ZEN)	7.93
BingX	Horizen (ZEN)	11.52
Bitget	Horizen (ZEN)	7.88

Platform	Coin	Staking rewards in Canada
MyCointainer	Horizen (ZEN)	Up to 5.78% APY in Canada

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.