Where and How to Earn Synthetix Network (SNX) in Canada

Introduction to Cryptocurrency in Canada

Lending Synthetix Network can be an excellent choice for Canadians looking to hold SNX 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 Synthetix Network (SNX) Tokens in Canada

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

   Platform	Coin	Cost
   Nexo	Synthetix Network (SNX)	0.66
   YouHodler	Synthetix Network (SNX)	0.64
   Binance	Synthetix Network (SNX)	0.66
   BTSE	Synthetix Network (SNX)	0.66
   Coinbase	Synthetix Network (SNX)	0.66
   Kraken	Synthetix Network (SNX)	0.66

   See all 68 prices in Canada

2. 2. Choose a Synthetix Network Lender in Canada

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

   Platform	Coin	APY
   YouHodler	Synthetix Network (SNX)	Up to 12% APY in Canada
   Aave	Synthetix Network (SNX)	Up to 0.23% APY in Canada
   Bitget	Synthetix Network (SNX)	Up to 1.5% APY in Canada
   Blockchain.com	Synthetix Network (SNX)	Up to 1% APY in Canada

   See all 11 lending rates in Canada

3. 3. Earn Synthetix Network in Canada

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