How to Earn Hedera (HBAR): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Hedera can be an excellent choice for Canadians looking to hold HBAR 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 Hedera (HBAR) Tokens in Canada
To lend Hedera in Canada, you first need to acquire it. To obtain Hedera, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
PrimeXBT Hedera (HBAR) 0.11
Binance Hedera (HBAR) 0.11
Coinbase Hedera (HBAR) 0.11
Kraken Hedera (HBAR) 0.11
OKX Hedera (HBAR) 0.24
Uphold Hedera (HBAR) 0.17
See all 53 prices in Canada
2. Choose a Hedera Lender in Canada
Once you have HBAR, you'll need to choose a Hedera lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Coinbase Hedera (HBAR) Up to 0.13% APY in Canada
Kucoin Hedera (HBAR) Up to 0.08% APY in Canada
See all 4 lending rates in Canada
3. Earn Hedera in Canada
Once you've selected a platform to earn your Hedera, transfer your Hedera 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	Cost
PrimeXBT	Hedera (HBAR)	0.11
Binance	Hedera (HBAR)	0.11
Coinbase	Hedera (HBAR)	0.11
Kraken	Hedera (HBAR)	0.11
OKX	Hedera (HBAR)	0.24
Uphold	Hedera (HBAR)	0.17

Platform	Coin	APY
Coinbase	Hedera (HBAR)	Up to 0.13% APY in Canada
Kucoin	Hedera (HBAR)	Up to 0.08% 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.