Where and How to Earn Stellar (XLM)

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Nexo	Stellar (XLM)	0.23
   PrimeXBT	Stellar (XLM)	0.22
   EarnPark	Stellar (XLM)	0.22
   YouHodler	Stellar (XLM)	0.22
   Binance	Stellar (XLM)	0.22
   Coinbase	Stellar (XLM)	0.22

   See all 70 prices in Canada

2. 2. Choose a Stellar Lender in Canada

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

   Platform	Coin	APY
   Nexo	Stellar (XLM)	Up to 8% APY in Canada
   Nebeus	Stellar (XLM)	Up to 4.5% APY in Canada
   EarnPark	Stellar (XLM)	Up to 8% APY in Canada
   YouHodler	Stellar (XLM)	Up to 12% APY in Canada
   Blockchain.com	Stellar (XLM)	Up to 1% APY in Canada

   See all 12 lending rates in Canada

3. 3. Earn Stellar in Canada

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