How to Lend Binance-Peg DAI (DAI): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Binance-Peg DAI can be an excellent choice for Canadians looking to hold DAI 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. Acquire Binance-Peg DAI (DAI) Tokens in Canada
To lend Binance-Peg DAI in Canada, you first need to acquire it. To obtain Binance-Peg DAI, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
EarnPark Binance-Peg DAI (DAI) 1
YouHodler Binance-Peg DAI (DAI) 1
Kraken Binance-Peg DAI (DAI) 1
OKX Binance-Peg DAI (DAI) 1
Crypto.com Binance-Peg DAI (DAI) 1
Gate.io Binance-Peg DAI (DAI) 1
See all 22 prices in Canada
2. Choose a Binance-Peg DAI Lender in Canada
Once you have DAI, you'll need to choose a Binance-Peg DAI lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
YouHodler Binance-Peg DAI (DAI) Up to 500% APY in Canada
EarnPark Binance-Peg DAI (DAI) Up to 7% APY in Canada
SwissBorg Binance-Peg DAI (DAI) Up to 4.81% APY in Canada
See all 8 lending rates in Canada
3. Lend Your Binance-Peg DAI in Canada
Once you've selected a platform to lend your Binance-Peg DAI, transfer your Binance-Peg DAI 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. 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.

Platform	Coin	Cost
EarnPark	Binance-Peg DAI (DAI)	1
YouHodler	Binance-Peg DAI (DAI)	1
Kraken	Binance-Peg DAI (DAI)	1
OKX	Binance-Peg DAI (DAI)	1
Crypto.com	Binance-Peg DAI (DAI)	1
Gate.io	Binance-Peg DAI (DAI)	1

Platform	Coin	APY
YouHodler	Binance-Peg DAI (DAI)	Up to 500% APY in Canada
EarnPark	Binance-Peg DAI (DAI)	Up to 7% APY in Canada
SwissBorg	Binance-Peg DAI (DAI)	Up to 4.81% APY in Canada

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.

Latest Movements in Canada

Binance-Peg DAI (DAI) is currently priced at US$9 with a 24-hour trading volume of US$377,664. The market cap of Binance-Peg DAI stands at US$36.01M, with 36M DAI in circulation. For those looking to buy or trade Binance-Peg DAI, YouHodler offers avenues to do so securely and efficiently

Market capitalization: US$36.01M
24h trading volume: US$377,664
Circulating supply in Canada: 36M DAI

See the latest information

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