How to Stake Wanchain (WAN) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Wanchain (WAN)	0.07
   Bitpanda	Wanchain (WAN)	0.22
   CoinEx	Wanchain (WAN)	0.07
   HTX	Wanchain (WAN)	0.07
   Kucoin	Wanchain (WAN)	0.07

   See all 9 prices in Canada

2. 2. Select a Wanchain Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Kucoin	Wanchain (WAN)	Up to 2.3% APY in Canada
   MyCointainer	Wanchain (WAN)	Up to 7.1% APY in Canada

3. 3. Delegate Your WAN in Canada

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