Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	TerraClassicUSD (USTC)	0.01
   OKX	TerraClassicUSD (USTC)	0.01
   BingX	TerraClassicUSD (USTC)	0.01
   Bitget	TerraClassicUSD (USTC)	0.01
   Bybit	TerraClassicUSD (USTC)	0.01
   Gate.io	TerraClassicUSD (USTC)	0.01

   See all 17 prices in Canada

2. 2. Select a TerraClassicUSD Wallet in Canada

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

3. 3. Delegate Your USTC in Canada

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