Introduction to Cryptocurrency in Canada

Staking Onomy Protocol 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.

Step-by-Step Guide for Canadians

1. 1. Acquire Onomy Protocol (NOM) Tokens in Canada

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

   Platform	Coin	Cost
   BingX	Onomy Protocol (NOM)	0.03
   Kucoin	Onomy Protocol (NOM)	0.01

2. 2. Select a Onomy Protocol Wallet in Canada

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

3. 3. Delegate Your NOM 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.

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 Onomy Protocol network. You'll be rewarded with NOM 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.