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Lending GameCredits can be an excellent choice for Canadians looking to hold GAME 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 GameCredits in Canada, you first need to acquire it. To obtain GameCredits, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
| Platform | Coin | Cost |
|---|---|---|
| Gate.io | GameCredits (GAME) | 0.0000508 |
| Kucoin | GameCredits (GAME) | 0 |
| MEXC Global | GameCredits (GAME) | 32.92 |
Once you have GAME, you'll need to choose a GameCredits lending platform to lend your tokens. You can explore some options available in Canada here.
| Platform | Coin | APY |
|---|---|---|
| Kucoin | GameCredits (GAME) | Up to 0.05% APY in Canada |
Once you've selected a platform to earn your GameCredits, transfer your GameCredits 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.
