Earn up to
12% APY in Canada
An in-depth guide on how to stake PayPal USD (PYUSD) in Canada
We have a wealth of information on staking PayPal USD (PYUSD) 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.
PayPal USD (PYUSD) is currently priced at US$12 with a 24-hour trading volume of US$18.58M. The market cap of PayPal USD stands at US$523.59M, with 523.63M PYUSD in circulation. For those looking to buy or trade PayPal USD, YouHodler offers avenues to do so securely and efficiently
Staking PayPal USD can be an excellent choice for Canadians looking to hold PYUSD 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 PayPal USD, you first need to acquire it. To obtain PayPal USD, you'll need to purchase it from one of these popular Canadian exchanges.
Once you have PYUSD, you'll need to choose a PayPal USD wallet to store your tokens. Here are some great options available in Canada.
| Platform | Coin | Staking rewards in Canada |
|---|---|---|
| YouHodler | PayPal USD (PYUSD) | Up to 12% APY in Canada |
We recommend using a staking pool when staking PYUSD. It's simpler and faster to get started. A staking pool is a group of validators who combine their PYUSD, 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 PayPal USD network. You'll be rewarded with PYUSD 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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