How to Stake Chainlink (LINK): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Staking Chainlink can be an excellent choice for Canadians looking to hold LINK 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. Acquire Chainlink (LINK) Tokens in Canada
To stake Chainlink, you first need to acquire it. To obtain Chainlink, you'll need to purchase it from one of these popular Canadian exchanges.
Platform Coin Cost
Nexo Chainlink (LINK) 13.18
PrimeXBT Chainlink (LINK) 13.16
YouHodler Chainlink (LINK) 13.15
Binance Chainlink (LINK) 13.17
BTSE Chainlink (LINK) 13.14
See all 73 prices in Canada
2. Select a Chainlink Wallet in Canada
Once you have LINK, you'll need to choose a Chainlink wallet to store your tokens. Here are some great options available in Canada.
Platform Coin Staking rewards in Canada
YouHodler Chainlink (LINK) Up to 9% APY in Canada
3. Delegate Your LINK in Canada
We recommend using a staking pool when staking LINK. It's simpler and faster to get started. A staking pool is a group of validators who combine their LINK, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Chainlink network. You'll be rewarded with LINK for these validations.

Platform	Coin	Cost
Nexo	Chainlink (LINK)	13.18
PrimeXBT	Chainlink (LINK)	13.16
YouHodler	Chainlink (LINK)	13.15
Binance	Chainlink (LINK)	13.17
BTSE	Chainlink (LINK)	13.14

Platform	Coin	Staking rewards in Canada
YouHodler	Chainlink (LINK)	Up to 9% APY in Canada

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.