Introduction to Cryptocurrency in Canada

Staking Rocket Pool can be an excellent choice for Canadians looking to hold RPL 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 Rocket Pool (RPL) Tokens in Canada

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

   Platform	Coin	Cost
   Binance	Rocket Pool (RPL)	2.03
   Coinbase	Rocket Pool (RPL)	2.03
   Kraken	Rocket Pool (RPL)	2
   OKX	Rocket Pool (RPL)	5.31
   Uphold	Rocket Pool (RPL)	6.13
   Azbit	Rocket Pool (RPL)	2.02

   See all 46 prices in Canada

2. 2. Select a Rocket Pool Wallet in Canada

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

3. 3. Delegate Your RPL in Canada

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