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Introduction to Cryptocurrency in Canada

Lending Bitcoin Cash can be an excellent choice for Canadians looking to hold BCH 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 Bitcoin Cash (BCH) Tokens in Canada

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

   Platform	Coin	Cost
   Nexo	Bitcoin Cash (BCH)	591.75
   PrimeXBT	Bitcoin Cash (BCH)	589.56
   EarnPark	Bitcoin Cash (BCH)	592.45
   YouHodler	Bitcoin Cash (BCH)	590.14
   Binance	Bitcoin Cash (BCH)	590.1
   OKX	Bitcoin Cash (BCH)	593.3

   See all 57 prices in Canada

2. 2. Choose a Bitcoin Cash Lender in Canada

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

   Platform	Coin	APY
   Nexo	Bitcoin Cash (BCH)	Up to 11% APY in Canada
   Nebeus	Bitcoin Cash (BCH)	Up to 4.5% APY in Canada
   EarnPark	Bitcoin Cash (BCH)	Up to 5% APY in Canada
   YouHodler	Bitcoin Cash (BCH)	Up to 12% APY in Canada
   Blockchain.com	Bitcoin Cash (BCH)	Up to 2% APY in Canada

   See all 14 lending rates in Canada

3. 3. Earn Bitcoin Cash in Canada

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