Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Coinbase	Neon (NEON)	0.06
   BingX	Neon (NEON)	0.06
   Bitmart	Neon (NEON)	0.06
   CoinEx	Neon (NEON)	0.06
   CoinList	Neon (NEON)	0.14
   Crypto.com	Neon (NEON)	0.06

   See all 22 prices in Canada

2. 2. Select a Neon Wallet in Canada

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

3. 3. Delegate Your NEON in Canada

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