Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	NKN (NKN)	0.01
   Coinbase	NKN (NKN)	0.01
   BingX	NKN (NKN)	0.01
   Bitget	NKN (NKN)	0.01
   Bitmart	NKN (NKN)	0.03
   Bitpanda	NKN (NKN)	0.11

   See all 30 prices in Canada

2. 2. Select a NKN Wallet in Canada

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

3. 3. Delegate Your NKN in Canada

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