Earn up to
200% APY in Canada
An in-depth guide on how to stake Nomad (NOM) in Canada
We have a wealth of information on staking Nomad (NOM) and we're excited to share some of this with you.
We present you with various staking options featuring other cryptocurrencies that may pique your interest.
Nomad (NOM) is currently priced at US$200 with a 24-hour trading volume of US$91.62. The market cap of Nomad stands at US$14,013.29, with 1B NOM in circulation. For those looking to buy or trade Nomad, Stakewolle offers avenues to do so securely and efficiently
Staking Nomad can be an excellent choice for Canadians looking to hold NOM 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 Nomad, you first need to acquire it. To obtain Nomad, you'll need to purchase it from one of these popular Canadian exchanges.
| Platform | Coin | Cost |
|---|---|---|
| CoinEx | Nomad (NOM) | 0.01 |
| Gate.io | Nomad (NOM) | 0.01 |
| Hotcoin | Nomad (NOM) | 0.01 |
| MEXC Global | Nomad (NOM) | 0.01 |
Once you have NOM, you'll need to choose a Nomad wallet to store your tokens. Here are some great options available in Canada.
| Platform | Coin | Staking rewards in Canada |
|---|---|---|
| Stakewolle | Nomad (NOM) | Up to 200% APY in Canada |
We recommend using a staking pool when staking NOM. It's simpler and faster to get started. A staking pool is a group of validators who combine their NOM, 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 Nomad network. You'll be rewarded with NOM 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.
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