How to Stake Origin Dollar (OUSD) in Canada

Introduction to Cryptocurrency in Canada

Staking Origin Dollar can be an excellent choice for Canadians looking to hold OUSD 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 Origin Dollar (OUSD) Tokens in Canada

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

   Platform	Coin	Cost
   Gate.io	Origin Dollar (OUSD)	1
   Kucoin	Origin Dollar (OUSD)	1

   See all 4 prices in Canada

2. 2. Select a Origin Dollar Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Kucoin	Origin Dollar (OUSD)	Up to 3.87% APY in Canada
   MyCointainer	Origin Dollar (OUSD)	Up to 5.34% APY in Canada

3. 3. Delegate Your OUSD in Canada

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