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Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Nexo	THORChain (RUNE)	0.57
   PrimeXBT	THORChain (RUNE)	0.57
   Binance	THORChain (RUNE)	0.57
   Coinbase	THORChain (RUNE)	5.44
   Kraken	THORChain (RUNE)	0.57
   Uphold	THORChain (RUNE)	1.17

   See all 40 prices in Canada

2. 2. Choose a THORChain Lender in Canada

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

   Platform	Coin	APY
   Kucoin	THORChain (RUNE)	Up to 0.5% APY in Canada

3. 3. Earn THORChain in Canada

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