How to Stake IOST (IOST) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   EarnPark	IOST (IOST)	0.01
   Binance	IOST (IOST)	0
   OKX	IOST (IOST)	0
   BingX	IOST (IOST)	0
   Bitget	IOST (IOST)	0
   Bitmart	IOST (IOST)	0

   See all 35 prices in Canada

2. 2. Select a IOST Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Binance	IOST (IOST)	Up to 2.3% APY in Canada
   Bitget	IOST (IOST)	Up to 4% APY in Canada

   See all 6 staking rewards in Canada

3. 3. Delegate Your IOST in Canada

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