How to Stake MANTRA (OM) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   PrimeXBT	MANTRA (OM)	0.07
   YouHodler	MANTRA (OM)	0.07
   Binance	MANTRA (OM)	0.07
   BTSE	MANTRA (OM)	0.16
   Kraken	MANTRA (OM)	0.07
   OKX	MANTRA (OM)	6.89

   See all 44 prices in Canada

2. 2. Select a MANTRA Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Binance	MANTRA (OM)	Up to 10% APY in Canada

   See all 6 staking rewards in Canada

3. 3. Delegate Your OM in Canada

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