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Introduction to Cryptocurrency in Canada

Lending Aave can be an excellent choice for Canadians looking to hold AAVE while earning a yield. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for Canadians

1. 1. Acquire Aave (AAVE) Tokens in Canada

   To lend Aave in Canada, you first need to acquire it. To obtain Aave, you'll need to purchase it from one of these popular exchanges available in the Canadian market.

   Platform	Coin	Cost
   Nexo	Aave (AAVE)	151.28
   PrimeXBT	Aave (AAVE)	151.19
   YouHodler	Aave (AAVE)	151.11
   Binance	Aave (AAVE)	151.29
   BTSE	Aave (AAVE)	151.29
   Coinbase	Aave (AAVE)	151.16

   See all 77 prices in Canada

2. 2. Choose a Aave Lender in Canada

   Once you have AAVE, you'll need to choose a Aave lending platform to lend your tokens. You can explore some options available in Canada here.

   Platform	Coin	APY
   Nexo	Aave (AAVE)	Up to 4% APY in Canada
   YouHodler	Aave (AAVE)	Up to 12% APY in Canada
   Aave	Aave (AAVE)	Up to 0% APY in Canada
   Blockchain.com	Aave (AAVE)	Up to 2% APY in Canada

   See all 12 lending rates in Canada

3. 3. Earn Aave in Canada

   Once you've selected a platform to earn your Aave, transfer your Aave into your wallet on the earning platform. Once it's deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest in Canada

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Be sure to choose a Canadian earning platform that pays compounding interest to maximize your returns.

What Canadians Should Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.