How to Stake Ronin (RON) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Ronin (RON)	0.13
   Coinbase	Ronin (RON)	0.13
   OKX	Ronin (RON)	0.79
   Uphold	Ronin (RON)	0.6
   Bake	Ronin (RON)	0.13
   BingX	Ronin (RON)	0.13

   See all 35 prices in Canada

2. 2. Select a Ronin Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Binance	Ronin (RON)	Up to 7.04% APY in Canada
   Bitpanda	Ronin (RON)	Up to 8% APY in Canada

   See all 4 staking rewards in Canada

3. 3. Delegate Your RON in Canada

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