Latest Movements in Canada
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- Market capitalization
- US$131.18B
- 24h trading volume
- US$5.17B
- Circulating supply in Canada
- 57.45B XRP
Earn up to
8% APY in Canada
An in-depth guide on how to stake XRP (XRP) in Canada
We have a wealth of information on staking XRP (XRP) and we're excited to share some of this with you.
We present you with various staking options featuring other cryptocurrencies that may pique your interest.
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Staking XRP can be an excellent choice for Canadians looking to hold XRP 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.
To stake XRP, you first need to acquire it. To obtain XRP, you'll need to purchase it from one of these popular Canadian exchanges.
Once you have XRP, you'll need to choose a XRP wallet to store your tokens. Here are some great options available in Canada.
We recommend using a staking pool when staking XRP. It's simpler and faster to get started. A staking pool is a group of validators who combine their XRP, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 XRP network. You'll be rewarded with XRP for these validations.
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.