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Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Rocket Pool (RPL)	1.8
   Coinbase	Rocket Pool (RPL)	1.79
   Kraken	Rocket Pool (RPL)	1.8
   OKX	Rocket Pool (RPL)	5.31
   Uphold	Rocket Pool (RPL)	6.13
   Azbit	Rocket Pool (RPL)	1.79

   See all 46 prices in Canada

2. 2. Choose a Rocket Pool Lender in Canada

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

   Platform	Coin	APY
   Aave	Rocket Pool (RPL)	Up to 2.99% APY in Canada
   Kucoin	Rocket Pool (RPL)	Up to 0.5% APY in Canada

   See all 4 lending rates in Canada

3. 3. Earn Rocket Pool in Canada

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