Earn up to
22% APY in Canada
An in-depth guide on how to stake Osmosis (OSMO) in Canada
We have a wealth of information on staking Osmosis (OSMO) and we're excited to share some of this with you.
We present you with various staking options featuring other cryptocurrencies that may pique your interest.
Osmosis (OSMO) is currently priced at US$22.23 with a 24-hour trading volume of US$11.55M. The market cap of Osmosis stands at US$327.59M, with 704.19M OSMO in circulation. For those looking to buy or trade Osmosis, Atomic Wallet offers avenues to do so securely and efficiently
Staking Osmosis can be an excellent choice for Canadians looking to hold OSMO 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.
To stake Osmosis, you first need to acquire it. To obtain Osmosis, you'll need to purchase it from one of these popular Canadian exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Nexo | Osmosis (OSMO) | 0.06 |
| Binance | Osmosis (OSMO) | 0.06 |
| Coinbase | Osmosis (OSMO) | 0.06 |
| Kraken | Osmosis (OSMO) | 0.06 |
| Bake | Osmosis (OSMO) | 0.06 |
| BingX | Osmosis (OSMO) | 0.06 |
Once you have OSMO, you'll need to choose a Osmosis wallet to store your tokens. Here are some great options available in Canada.
| Platform | Coin | Staking rewards in Canada |
|---|---|---|
| Atomic Wallet | Osmosis (OSMO) | Up to 22% APY in Canada |
| Binance | Osmosis (OSMO) | Up to 2.5% APY in Canada |
| Bitget | Osmosis (OSMO) | Up to 8% APY in Canada |
We recommend using a staking pool when staking OSMO. It's simpler and faster to get started. A staking pool is a group of validators who combine their OSMO, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Osmosis network. You'll be rewarded with OSMO for these validations.
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.
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