How to Stake Osmosis (OSMO) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Nexo	Osmosis (OSMO)	0.17
   Binance	Osmosis (OSMO)	0.11
   Coinbase	Osmosis (OSMO)	0.11
   Kraken	Osmosis (OSMO)	0.11
   Bake	Osmosis (OSMO)	0.11
   BingX	Osmosis (OSMO)	0.11

   See all 38 prices in Canada

2. 2. Select a Osmosis Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Atomic Wallet	Osmosis (OSMO)	Up to 22% APY in Canada
   Binance	Osmosis (OSMO)	Up to 2.5% APY in Canada
   Bitget	Osmosis (OSMO)	Up to 8% APY in Canada

   See all 22 staking rewards in Canada

3. 3. Delegate Your OSMO in Canada

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