How to Stake Secret (SCRT) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Secret (SCRT)	0.11
   Kraken	Secret (SCRT)	0.11
   BingX	Secret (SCRT)	0.43
   Bitmart	Secret (SCRT)	0.18
   Bitpanda	Secret (SCRT)	0.68
   Bybit	Secret (SCRT)	0.11

   See all 24 prices in Canada

2. 2. Select a Secret Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Bitpanda	Secret (SCRT)	Up to 10% APY in Canada
   MyCointainer	Secret (SCRT)	Up to 23.1% APY in Canada
   Stakely.io	Secret (SCRT)	Up to 20.21% APY in Canada

   See all 9 staking rewards in Canada

3. 3. Delegate Your SCRT in Canada

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