How to Stake Ontology (ONT) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Ontology (ONT)	0.14
   OKX	Ontology (ONT)	0.15
   Uphold	Ontology (ONT)	0.14
   Azbit	Ontology (ONT)	0.14
   BingX	Ontology (ONT)	0.14
   Bitget	Ontology (ONT)	0.14

   See all 30 prices in Canada

2. 2. Select a Ontology Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Binance	Ontology (ONT)	Up to 13.5% APY in Canada
   CEX.io	Ontology (ONT)	Up to 10% APY in Canada
   Exodus	Ontology (ONT)	Up to 17.08% APY in Canada

   See all 10 staking rewards in Canada

3. 3. Delegate Your ONT in Canada

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