How to Stake IoTeX (IOTX) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	IoTeX (IOTX)	0.01
   BTSE	IoTeX (IOTX)	0.01
   Coinbase	IoTeX (IOTX)	0.02
   BingX	IoTeX (IOTX)	0.01
   Bitget	IoTeX (IOTX)	0.01
   Bitmart	IoTeX (IOTX)	0.02

   See all 35 prices in Canada

2. 2. Select a IoTeX Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Binance	IoTeX (IOTX)	Up to 4.05% APY in Canada
   Bitget	IoTeX (IOTX)	Up to 12% APY in Canada

   See all 5 staking rewards in Canada

3. 3. Delegate Your IOTX in Canada

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