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Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Numeraire (NMR)	9.87
   BTSE	Numeraire (NMR)	9.85
   Coinbase	Numeraire (NMR)	9.88
   Kraken	Numeraire (NMR)	9.87
   OKX	Numeraire (NMR)	9.08
   Uphold	Numeraire (NMR)	8.2

   See all 47 prices in Canada

2. 2. Choose a Numeraire Lender in Canada

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

   Platform	Coin	APY
   Kucoin	Numeraire (NMR)	Up to 0.5% APY in Canada

3. 3. Earn Numeraire in Canada

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