How to Stake Internet Computer (ICP): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Staking Internet Computer can be an excellent choice for Canadians looking to hold ICP 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 Internet Computer (ICP) Tokens in Canada

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

Platform	Coin	Cost
PrimeXBT	Internet Computer (ICP)	3.06
YouHodler	Internet Computer (ICP)	3.05
Binance	Internet Computer (ICP)	3.06
Coinbase	Internet Computer (ICP)	3.05
Kraken	Internet Computer (ICP)	3.05
OKX	Internet Computer (ICP)	5.15

See all 54 prices in Canada

2. Select a Internet Computer Wallet in Canada
Once you have ICP, you'll need to choose a Internet Computer wallet to store your tokens. Here are some great options available in Canada.
Platform Coin Staking rewards in Canada
Binance Internet Computer (ICP) Up to 3.92% APY in Canada
Bitmart Internet Computer (ICP) Up to 1% APY in Canada
See all 4 staking rewards in Canada
3. Delegate Your ICP in Canada
We recommend using a staking pool when staking ICP. It's simpler and faster to get started. A staking pool is a group of validators who combine their ICP, 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 Internet Computer network. You'll be rewarded with ICP for these validations.

Platform	Coin	Staking rewards in Canada
Binance	Internet Computer (ICP)	Up to 3.92% APY in Canada
Bitmart	Internet Computer (ICP)	Up to 1% 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.