How to Stake Polkadot (DOT) in Canada

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

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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, Polkadot (DOT). If you don't currently own Polkadot (DOT), navigate back to the 'Trading' tab to purchase some.  

Step 3: Choose Your Stake Amount  

Decide how much Polkadot (DOT) 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 Polkadot (DOT) 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 Polkadot (DOT)!

‍Congratulations! Your Polkadot (DOT) 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 Polkadot (DOT) and start earning rewards!