How to Stake iExec RLC (RLC) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	iExec RLC (RLC)	0.7
   Coinbase	iExec RLC (RLC)	0.7
   Kraken	iExec RLC (RLC)	0.7
   BingX	iExec RLC (RLC)	2.07
   Bitget	iExec RLC (RLC)	0.71
   Bitmart	iExec RLC (RLC)	0.84

   See all 32 prices in Canada

2. 2. Select a iExec RLC Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Bitmart	iExec RLC (RLC)	Up to 1% APY in Canada

3. 3. Delegate Your RLC in Canada

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