How to Stake Solana (SOL) in Canada

Discover the simple steps to stake Solana (SOL) in Canada using Coinsquare and start earning rewards!

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Earn 5.04% annually
0.01 SOL
Payout period
Every 2-3 days
Bonding period
4 days
Unbonding period
3 days
Note: The reward rate posted here is an estimation, and may be updated on a monthly basis.

Staking your cryptocurrency on Coinsquare has never been easier! With our straightforward interface and user-friendly tools, you can start earning rewards from your Solana (SOL) in just a few steps. Follow this step-by-step guide to stake your Solana (SOL) on Coinsquare.

Step 1: Navigate to the Staking Dashboard

From the main screen of your Coinsquare account, click on the 'Staking' tab located at the bottom menu.

Step 2: Select Your Asset

Choose the asset you already own and want to stake - in this case, Solana (SOL). If you don't currently own Solana (SOL), navigate back to the 'Trading' tab to purchase some.

Step 3: Choose Your Stake Amount

Decide how much Solana (SOL) you'd like to stake. You can manually input the amount or use the quick buttons to stake 25%, 50%, 75%, or 100% of your available Solana (SOL) balance.

Step 4: Confirm Your Staking Transaction

Take a moment to review and understand the staking terms, including the Estimated Rewards Rate, Bonding Period, Payout Frequency, Unbonding Period, and whether the rewards are Auto-compounded or not. Once you're comfortable with the terms, confirm your staking transaction.

Step 5: Enjoy Your Staked Solana (SOL)!

Congratulations! Your Solana (SOL) is now being staked on Coinsquare. Remember to check back on the staking dashboard regularly to see the rewards you've earned.

With these simple steps, you can easily stake your Solana (SOL) and start earning rewards!

*Please note that these images are for illustrative purposes only. Staking terms are subject to change.