How to Stake Stafi (FIS): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Staking Stafi can be an excellent choice for Canadians looking to hold FIS 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 Stafi (FIS) Tokens in Canada
To stake Stafi, you first need to acquire it. To obtain Stafi, you'll need to purchase it from one of these popular Canadian exchanges.
Platform Coin Cost
Binance Stafi (FIS) 0.02
Coinbase Stafi (FIS) 0.02
Kraken Stafi (FIS) 0.02
Uphold Stafi (FIS) 0.16
BingX Stafi (FIS) 0.12
Bitget Stafi (FIS) 0.02
See all 34 prices in Canada
2. Select a Stafi Wallet in Canada
Once you have FIS, you'll need to choose a Stafi wallet to store your tokens. Here are some great options available in Canada.
3. Delegate Your FIS in Canada
We recommend using a staking pool when staking FIS. It's simpler and faster to get started. A staking pool is a group of validators who combine their FIS, 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 Stafi network. You'll be rewarded with FIS for these validations.

Platform	Coin	Cost
Binance	Stafi (FIS)	0.02
Coinbase	Stafi (FIS)	0.02
Kraken	Stafi (FIS)	0.02
Uphold	Stafi (FIS)	0.16
BingX	Stafi (FIS)	0.12
Bitget	Stafi (FIS)	0.02

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.