Latest Movements in Canada
- Market capitalization
- US$240.24M
- 24h trading volume
- US$25.36M
- Circulating supply in Canada
- 9B XEM
Loading...
XEM
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDCImportant Notice
Staking NEM can be an excellent choice for Canadians looking to hold XEM 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.
To stake NEM, you first need to acquire it. To obtain NEM, you'll need to purchase it from one of these popular Canadian exchanges.
Once you have XEM, you'll need to choose a NEM wallet to store your tokens. Here are some great options available in Canada.
We recommend using a staking pool when staking XEM. It's simpler and faster to get started. A staking pool is a group of validators who combine their XEM, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 NEM network. You'll be rewarded with XEM for these validations.
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.
