Where and How to Earn Arbitrum (ARB)

Introduction to Cryptocurrency in Canada

Lending Arbitrum can be an excellent choice for Canadians looking to hold ARB 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 Arbitrum (ARB) Tokens in Canada

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

   Platform	Coin	Cost
   Nexo	Arbitrum (ARB)	0.21
   EarnPark	Arbitrum (ARB)	0.2
   YouHodler	Arbitrum (ARB)	0.2
   Binance	Arbitrum (ARB)	0.2
   BTSE	Arbitrum (ARB)	0.2
   Coinbase	Arbitrum (ARB)	0.2

   See all 58 prices in Canada

2. 2. Choose a Arbitrum Lender in Canada

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

   Platform	Coin	APY
   Nexo	Arbitrum (ARB)	Up to 6% APY in Canada
   EarnPark	Arbitrum (ARB)	Up to 7% APY in Canada
   Aave	Arbitrum (ARB)	Up to 0.71% APY in Canada
   Bitget	Arbitrum (ARB)	Up to 0.16% APY in Canada

   See all 11 lending rates in Canada

3. 3. Earn Arbitrum in Canada

   Once you've selected a platform to earn your Arbitrum, transfer your Arbitrum 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.