Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Reef (REEF)	0.000688
   BingX	Reef (REEF)	0.0004311
   Bitget	Reef (REEF)	0
   Bitmart	Reef (REEF)	0.0001476
   Bitpanda	Reef (REEF)	0
   Bybit	Reef (REEF)	0.0004742

   See all 22 prices in Canada

2. 2. Select a Reef Wallet in Canada

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

3. 3. Delegate Your REEF in Canada

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