Introduction to Cryptocurrency in Canada
Lending Monsterra can be an excellent choice for Canadians looking to hold MSTR 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 Monsterra (MSTR) Tokens in Canada
To lend Monsterra in Canada, you first need to acquire it. To obtain Monsterra, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
2. Choose a Monsterra Lender in Canada
Once you have MSTR, you'll need to choose a Monsterra lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY Bitget Monsterra (MSTR) Up to 1% APY in Canada 3. Earn Monsterra in Canada
Once you've selected a platform to earn your Monsterra, transfer your Monsterra 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.
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.
Latest Movements in Canada
Monsterra (MSTR) is currently priced at US$1 with a 24-hour trading volume of US$46,088. The market cap of Monsterra stands at US$57,993, with 12.55M MSTR in circulation. For those looking to buy or trade Monsterra, Bitget offers avenues to do so securely and efficiently
- Market capitalization
- US$57,993
- 24h trading volume
- US$46,088
- Circulating supply in Canada
- 12.55M MSTR
