How to Stake Shiden Network (SDN) in Canada

Introduction to Cryptocurrency in Canada

Staking Shiden Network can be an excellent choice for Canadians looking to hold SDN 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 Shiden Network (SDN) Tokens in Canada

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

   Platform	Coin	Cost
   Kraken	Shiden Network (SDN)	0.02
   CoinEx	Shiden Network (SDN)	0.09
   Crypto.com	Shiden Network (SDN)	0.02
   Gate.io	Shiden Network (SDN)	0.02
   MEXC Global	Shiden Network (SDN)	0.03

   See all 10 prices in Canada

2. 2. Select a Shiden Network Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   MyCointainer	Shiden Network (SDN)	Up to 13.8% APY in Canada

3. 3. Delegate Your SDN in Canada

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