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Introduction to Cryptocurrency in Canada

Lending First Digital USD can be an excellent choice for Canadians looking to hold FDUSD 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 First Digital USD (FDUSD) Tokens in Canada

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

   Platform	Coin	Cost
   Binance	First Digital USD (FDUSD)	1
   Azbit	First Digital USD (FDUSD)	1
   BingX	First Digital USD (FDUSD)	1
   Bitget	First Digital USD (FDUSD)	1
   Bybit	First Digital USD (FDUSD)	1

   See all 19 prices in Canada

2. 2. Choose a First Digital USD Lender in Canada

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

   Platform	Coin	APY
   Aave	First Digital USD (FDUSD)	Up to 2.86% APY in Canada
   BTSE	First Digital USD (FDUSD)	Up to 7% APY in Canada

   See all 5 lending rates in Canada

3. 3. Earn First Digital USD in Canada

   Once you've selected a platform to earn your First Digital USD, transfer your First Digital USD 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.