Earn up to
12% APY in Canada
An in-depth guide on how to lend Basic Attention (BAT) in Canada
We have a wealth of information on lending Basic Attention (BAT) and we are excited to share some of this with you.
We present you with various lending options featuring other cryptocurrencies that may pique your interest.
Basic Attention (BAT) is currently priced at US$12 with a 24-hour trading volume of US$35.45M. The market cap of Basic Attention stands at US$360.28M, with 1.5B BAT in circulation. For those looking to buy or trade Basic Attention, YouHodler offers avenues to do so securely and efficiently
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.
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.
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 |
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.
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.
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.
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