Latest Movements in Canada
- Market capitalization
- US$232.5M
- 24h trading volume
- US$2.81M
- Circulating supply in Canada
- 16.56M DCR
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USDCImportant Notice
Lending Decred can be an excellent choice for Canadians looking to hold DCR 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.
To lend Decred in Canada, you first need to acquire it. To obtain Decred, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
| Platform | Coin | Cost |
|---|---|---|
| Binance | Decred (DCR) | 14.99 |
| Uphold | Decred (DCR) | 15.2 |
| BingX | Decred (DCR) | 16.53 |
| Bitpanda | Decred (DCR) | 16.05 |
| CoinEx | Decred (DCR) | 15.03 |
| FMFW.io | Decred (DCR) | 28.73 |
Once you have DCR, you'll need to choose a Decred lending platform to lend your tokens. You can explore some options available in Canada here.
Once you've selected a platform to earn your Decred, transfer your Decred 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.
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.
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.
