Earn up to
10% APY in Canada
An in-depth guide on how to stake Secret (SCRT) in Canada
We have a wealth of information on staking Secret (SCRT) 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.
Secret (SCRT) is currently priced at US$20.21 with a 24-hour trading volume of US$6.68M. The market cap of Secret stands at US$129.12M, with 298.21M SCRT in circulation. For those looking to buy or trade Secret, Bitpanda offers avenues to do so securely and efficiently
Staking Secret can be an excellent choice for Canadians looking to hold SCRT 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 Secret, you first need to acquire it. To obtain Secret, you'll need to purchase it from one of these popular Canadian exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Binance | Secret (SCRT) | 0.11 |
| Kraken | Secret (SCRT) | 0.11 |
| BingX | Secret (SCRT) | 0.43 |
| Bitmart | Secret (SCRT) | 0.18 |
| Bitpanda | Secret (SCRT) | 0.68 |
| Bybit | Secret (SCRT) | 0.11 |
Once you have SCRT, you'll need to choose a Secret wallet to store your tokens. Here are some great options available in Canada.
| Platform | Coin | Staking rewards in Canada |
|---|---|---|
| Bitpanda | Secret (SCRT) | Up to 10% APY in Canada |
| MyCointainer | Secret (SCRT) | Up to 23.1% APY in Canada |
| Stakely.io | Secret (SCRT) | Up to 20.21% APY in Canada |
We recommend using a staking pool when staking SCRT. It's simpler and faster to get started. A staking pool is a group of validators who combine their SCRT, 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 Secret network. You'll be rewarded with SCRT 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.
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