How to Stake Tether (USDT) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Nexo	Tether (USDT)	1
   EarnPark	Tether (USDT)	1
   YouHodler	Tether (USDT)	1
   Binance	Tether (USDT)	1
   BTSE	Tether (USDT)	1
   Kraken	Tether (USDT)	1

   See all 45 prices in Canada

2. 2. Select a Tether Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   YouHodler	Tether (USDT)	Up to 18% APY in Canada
   Binance	Tether (USDT)	Up to 1.7% APY in Canada

   See all 5 staking rewards in Canada

3. 3. Delegate Your USDT in Canada

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