Introduction to Cryptocurrency in Canada
Staking Shadow Token can be an excellent choice for Canadians looking to hold SHDW 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. Acquire Shadow Token (SHDW) Tokens in Canada
To stake Shadow Token, you first need to acquire it. To obtain Shadow Token, you'll need to purchase it from one of these popular Canadian exchanges.
2. Select a Shadow Token Wallet in Canada
Once you have SHDW, you'll need to choose a Shadow Token wallet to store your tokens. Here are some great options available in Canada.
3. Delegate Your SHDW in Canada
We recommend using a staking pool when staking SHDW. It's simpler and faster to get started. A staking pool is a group of validators who combine their SHDW, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Shadow Token network. You'll be rewarded with SHDW 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.
Latest Movements in Canada
- Market capitalization
- US$78.73M
- 24h trading volume
- US$3.28M
- Circulating supply in Canada
- 161.72M SHDW
