How to Stake Oraichain (ORAI) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Uphold	Oraichain (ORAI)	2.97
   Bake	Oraichain (ORAI)	0.65
   Bitget	Oraichain (ORAI)	0.74
   Bitpanda	Oraichain (ORAI)	10.03
   CoinEx	Oraichain (ORAI)	0.65
   Crypto.com	Oraichain (ORAI)	0.65

   See all 17 prices in Canada

2. 2. Select a Oraichain Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Kucoin	Oraichain (ORAI)	Up to 13% APY in Canada
   MyCointainer	Oraichain (ORAI)	Up to 19.13% APY in Canada

3. 3. Delegate Your ORAI in Canada

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