How to Stake Onyxcoin (XCN): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Staking Onyxcoin can be an excellent choice for Canadians looking to hold XCN 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. Acquire Onyxcoin (XCN) Tokens in Canada
To stake Onyxcoin, you first need to acquire it. To obtain Onyxcoin, you'll need to purchase it from one of these popular Canadian exchanges.
Platform Coin Cost
Coinbase Onyxcoin (XCN) 0.01
Kraken Onyxcoin (XCN) 0.01
Uphold Onyxcoin (XCN) 0.02
BingX Onyxcoin (XCN) 0.01
Bitget Onyxcoin (XCN) 0
Bitmart Onyxcoin (XCN) 0.01
See all 29 prices in Canada
2. Select a Onyxcoin Wallet in Canada
Once you have XCN, you'll need to choose a Onyxcoin wallet to store your tokens. Here are some great options available in Canada.
Platform Coin Staking rewards in Canada
MyCointainer Onyxcoin (XCN) Up to 34.85% APY in Canada
3. Delegate Your XCN in Canada
We recommend using a staking pool when staking XCN. It's simpler and faster to get started. A staking pool is a group of validators who combine their XCN, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Onyxcoin network. You'll be rewarded with XCN for these validations.

Platform	Coin	Cost
Coinbase	Onyxcoin (XCN)	0.01
Kraken	Onyxcoin (XCN)	0.01
Uphold	Onyxcoin (XCN)	0.02
BingX	Onyxcoin (XCN)	0.01
Bitget	Onyxcoin (XCN)	0
Bitmart	Onyxcoin (XCN)	0.01

Platform	Coin	Staking rewards in Canada
MyCointainer	Onyxcoin (XCN)	Up to 34.85% APY in Canada

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.