How to Stake MultiversX (EGLD) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   PrimeXBT	MultiversX (EGLD)	6.2
   YouHodler	MultiversX (EGLD)	6.19
   Binance	MultiversX (EGLD)	6.2
   BTSE	MultiversX (EGLD)	6.21
   Coinbase	MultiversX (EGLD)	6.21
   Kraken	MultiversX (EGLD)	6.19

   See all 53 prices in Canada

2. 2. Select a MultiversX Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Atomic Wallet	MultiversX (EGLD)	Up to 9.4% APY in Canada
   Binance	MultiversX (EGLD)	Up to 3.1% APY in Canada
   Bitget	MultiversX (EGLD)	Up to 8.5% APY in Canada

   See all 13 staking rewards in Canada

3. 3. Delegate Your EGLD in Canada

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