Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	IQ (IQ)	0
   OKX	IQ (IQ)	0
   BingX	IQ (IQ)	0
   Bitget	IQ (IQ)	0
   Bitmart	IQ (IQ)	0
   CoinEx	IQ (IQ)	0

   See all 24 prices in Canada

2. 2. Select a IQ Wallet in Canada

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

3. 3. Delegate Your IQ in Canada

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