How to Earn dYdX (Wormhole) (DYDX): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending dYdX (Wormhole) can be an excellent choice for Canadians looking to hold DYDX 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. Acquire dYdX (Wormhole) (DYDX) Tokens in Canada

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

Platform	Coin	Cost
Nexo	dYdX (Wormhole) (DYDX)	0.19
Binance	dYdX (Wormhole) (DYDX)	0.19
BTSE	dYdX (Wormhole) (DYDX)	0.64
Kraken	dYdX (Wormhole) (DYDX)	0.19
OKX	dYdX (Wormhole) (DYDX)	0.66
Uphold	dYdX (Wormhole) (DYDX)	0.58

See all 46 prices in Canada

2. Choose a dYdX (Wormhole) Lender in Canada
Once you have DYDX, you'll need to choose a dYdX (Wormhole) lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Kucoin dYdX (Wormhole) (DYDX) Up to 0.5% APY in Canada
MEXC Global dYdX (Wormhole) (DYDX) Up to 0.8% APY in Canada
See all 4 lending rates in Canada
3. Earn dYdX (Wormhole) in Canada
Once you've selected a platform to earn your dYdX (Wormhole), transfer your dYdX (Wormhole) 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. 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.

Platform	Coin	APY
Kucoin	dYdX (Wormhole) (DYDX)	Up to 0.5% APY in Canada
MEXC Global	dYdX (Wormhole) (DYDX)	Up to 0.8% APY in Canada

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.