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Introduction to Cryptocurrency in Canada

Lending POL (ex-MATIC) can be an excellent choice for Canadians looking to hold POL 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 POL (ex-MATIC) (POL) Tokens in Canada

   To lend POL (ex-MATIC) in Canada, you first need to acquire it. To obtain POL (ex-MATIC), you'll need to purchase it from one of these popular exchanges available in the Canadian market.

   Platform	Coin	Cost
   Nexo	POL (ex-MATIC) (POL)	0.18
   PrimeXBT	POL (ex-MATIC) (POL)	0.18
   YouHodler	POL (ex-MATIC) (POL)	0.18
   Binance	POL (ex-MATIC) (POL)	0.18
   BTSE	POL (ex-MATIC) (POL)	0.18
   Coinbase	POL (ex-MATIC) (POL)	0.18

   See all 63 prices in Canada

2. 2. Choose a POL (ex-MATIC) Lender in Canada

   Once you have POL, you'll need to choose a POL (ex-MATIC) lending platform to lend your tokens. You can explore some options available in Canada here.

   Platform	Coin	APY
   Nexo	POL (ex-MATIC) (POL)	Up to 7% APY in Canada
   YouHodler	POL (ex-MATIC) (POL)	Up to 16% APY in Canada
   Bitget	POL (ex-MATIC) (POL)	Up to 4.2% APY in Canada

   See all 8 lending rates in Canada

3. 3. Earn POL (ex-MATIC) in Canada

   Once you've selected a platform to earn your POL (ex-MATIC), transfer your POL (ex-MATIC) 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.