How to Stake Qtum (QTUM) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Qtum (QTUM)	1.29
   Kraken	Qtum (QTUM)	1.29
   OKX	Qtum (QTUM)	1.89
   Uphold	Qtum (QTUM)	2.53
   BingX	Qtum (QTUM)	1.29
   Bitfinex	Qtum (QTUM)	4.9

   See all 42 prices in Canada

2. 2. Select a Qtum Wallet in Canada

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

3. 3. Delegate Your QTUM in Canada

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