How to Stake IoTeX (IOTX): A Step-by-Step Guide for Canadians

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. 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) 0.01
BingX IoTeX (IOTX) 0.01
Bitget IoTeX (IOTX) 0.01
Bitmart IoTeX (IOTX) 0.01
See all 35 prices in Canada
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% APY in Canada
Bitget IoTeX (IOTX) Up to 12% APY in Canada
See all 5 staking rewards in Canada
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. 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.

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

Platform	Coin	Staking rewards in Canada
Binance	IoTeX (IOTX)	Up to 4% APY in Canada
Bitget	IoTeX (IOTX)	Up to 12% 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.