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Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Nexo	GMX (GMX)	8.56
   PrimeXBT	GMX (GMX)	8.53
   Binance	GMX (GMX)	8.55
   OKX	GMX (GMX)	8.54
   Uphold	GMX (GMX)	16.06
   BingX	GMX (GMX)	8.54

   See all 37 prices in Canada

2. 2. Choose a GMX Lender in Canada

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

   Platform	Coin	APY
   Bitget	GMX (GMX)	Up to 2.5% APY in Canada

3. 3. Earn GMX in Canada

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