Introduction to Cryptocurrency in Canada

Staking Smart Layer Network can be an excellent choice for Canadians looking to hold SLN 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 Smart Layer Network (SLN) Tokens in Canada

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

   Platform	Coin	Cost
   Bitmart	Smart Layer Network (SLN)	0.04
   Bitpanda	Smart Layer Network (SLN)	0.27
   CoinEx	Smart Layer Network (SLN)	0.03
   Crypto.com	Smart Layer Network (SLN)	0.03
   Gate.io	Smart Layer Network (SLN)	0
   Phemex	Smart Layer Network (SLN)	0.07

   See all 11 prices in Canada

2. 2. Select a Smart Layer Network Wallet in Canada

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

3. 3. Delegate Your SLN in Canada

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