Introduction to Cryptocurrency in Canada
Lending SmarDex can be an excellent choice for Canadians looking to hold SDEX 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 SmarDex (SDEX) Tokens in Canada
To lend SmarDex in Canada, you first need to acquire it. To obtain SmarDex, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
2. Choose a SmarDex Lender in Canada
Once you have SDEX, you'll need to choose a SmarDex lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY Bitget SmarDex (SDEX) Up to 1% APY in Canada 3. Earn SmarDex in Canada
Once you've selected a platform to earn your SmarDex, transfer your SmarDex 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
SmarDex (SDEX) is currently priced at US$1 with a 24-hour trading volume of US$1.52M. The market cap of SmarDex stands at US$131.55M, with 9.04B SDEX in circulation. For those looking to buy or trade SmarDex, Bitget offers avenues to do so securely and efficiently
- Market capitalization
- US$131.55M
- 24h trading volume
- US$1.52M
- Circulating supply in Canada
- 9.04B SDEX