How to Stake IRISnet (IRIS) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	IRISnet (IRIS)	0.01
   Bitpanda	IRISnet (IRIS)	0.01
   CoinEx	IRISnet (IRIS)	0
   Crypto.com	IRISnet (IRIS)	0.01
   Gate.io	IRISnet (IRIS)	0

   See all 7 prices in Canada

2. 2. Select a IRISnet Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Moonstake	IRISnet (IRIS)	Up to 6.83% APY in Canada
   Stakewolle	IRISnet (IRIS)	Up to 9.83% APY in Canada
   Stakin	IRISnet (IRIS)	Up to 11.78% APY in Canada

   See all 6 staking rewards in Canada

3. 3. Delegate Your IRIS in Canada

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