How to Stake Syscoin (SYS) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Syscoin (SYS)	0.02
   BingX	Syscoin (SYS)	0.02
   Bitget	Syscoin (SYS)	0.02
   Bitmart	Syscoin (SYS)	0.06
   Bitpanda	Syscoin (SYS)	0.13
   Bybit	Syscoin (SYS)	0.02

   See all 25 prices in Canada

2. 2. Select a Syscoin Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   MyCointainer	Syscoin (SYS)	Up to 4.48% APY in Canada

3. 3. Delegate Your SYS in Canada

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