How to Stake WAX (WAXP) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	WAX (WAXP)	0.01
   OKX	WAX (WAXP)	0.02
   BingX	WAX (WAXP)	0.01
   Bitget	WAX (WAXP)	0.01
   Bitmart	WAX (WAXP)	0.02
   Bitpanda	WAX (WAXP)	0.05

   See all 29 prices in Canada

2. 2. Select a WAX Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Kucoin	WAX (WAXP)	Up to 4% APY in Canada

3. 3. Delegate Your WAXP in Canada

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