How to Stake NEO (NEO) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   PrimeXBT	NEO (NEO)	3.54
   Binance	NEO (NEO)	3.54
   OKX	NEO (NEO)	3.57
   Uphold	NEO (NEO)	7.18
   BingX	NEO (NEO)	3.54
   Bitfinex	NEO (NEO)	3.56

   See all 34 prices in Canada

2. 2. Select a NEO Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Binance	NEO (NEO)	Up to 3.39% APY in Canada

3. 3. Delegate Your NEO in Canada

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