How to Stake ICON (ICX) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	ICON (ICX)	0.08
   OKX	ICON (ICX)	0.11
   Uphold	ICON (ICX)	0.11
   BingX	ICON (ICX)	0.08
   Bitget	ICON (ICX)	0.08
   Bitpanda	ICON (ICX)	0.21

   See all 27 prices in Canada

2. 2. Select a ICON Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Binance	ICON (ICX)	Up to 6.82% APY in Canada
   Everstake	ICON (ICX)	Up to 9.3% APY in Canada

   See all 6 staking rewards in Canada

3. 3. Delegate Your ICX in Canada

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