Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Steem (STEEM)	0.07
   BingX	Steem (STEEM)	0.13
   Bybit	Steem (STEEM)	0.07
   CoinEx	Steem (STEEM)	0.07
   Gate.io	Steem (STEEM)	0.07
   Hotcoin	Steem (STEEM)	0.13

   See all 20 prices in Canada

2. 2. Select a Steem Wallet in Canada

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

3. 3. Delegate Your STEEM in Canada

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