How to Stake Victory Impact (VIC) in Canada

Introduction to Cryptocurrency in Canada

Staking Victory Impact can be an excellent choice for Canadians looking to hold VIC 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 Victory Impact (VIC) Tokens in Canada

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

   Platform	Coin	Cost
   Binance	Victory Impact (VIC)	0.24
   BTSE	Victory Impact (VIC)	0.24
   Gate.io	Victory Impact (VIC)	0.24
   Hotcoin	Victory Impact (VIC)	0.25
   HTX	Victory Impact (VIC)	0.24

   See all 9 prices in Canada

2. 2. Select a Victory Impact Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Binance	Victory Impact (VIC)	Up to 5.9% APY in Canada

3. 3. Delegate Your VIC in Canada

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