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Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Nexo	Fantom (FTM)	0.47
   PrimeXBT	Fantom (FTM)	0.68
   YouHodler	Fantom (FTM)	0.7
   Binance	Fantom (FTM)	0.7
   BTSE	Fantom (FTM)	0.64
   Coinbase	Fantom (FTM)	1

   See all 43 prices in Canada

2. 2. Choose a Fantom Lender in Canada

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

   Platform	Coin	APY
   Nexo	Fantom (FTM)	Up to 7% APY in Canada
   Nebeus	Fantom (FTM)	Up to 13% APY in Canada
   YouHodler	Fantom (FTM)	Up to 30% APY in Canada

   See all 6 lending rates in Canada

3. 3. Earn Fantom in Canada

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