How to Lend Basic Attention (BAT) in Canada

Introduction to Cryptocurrency in Canada

Lending Basic Attention can be an excellent choice for Canadians looking to hold BAT 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 Basic Attention (BAT) Tokens in Canada

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

   Platform	Coin	Cost
   Nexo	Basic Attention (BAT)	0.22
   YouHodler	Basic Attention (BAT)	0.22
   Binance	Basic Attention (BAT)	0.22
   BTSE	Basic Attention (BAT)	0.22
   OKX	Basic Attention (BAT)	0.15
   Uphold	Basic Attention (BAT)	0.14

   See all 49 prices in Canada

2. 2. Choose a Basic Attention Lender in Canada

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

   Platform	Coin	APY
   YouHodler	Basic Attention (BAT)	Up to 12% APY in Canada
   Gemini	Basic Attention (BAT)	Up to 0.01% APY in Canada

   See all 6 lending rates in Canada

3. 3. Lend Your Basic Attention in Canada

   Once you've selected a platform to lend your Basic Attention, transfer your Basic Attention into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. 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 lending platform that offers compounding interest to maximise 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.