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

Introduction to Cryptocurrency in Canada

Lending Binance-Peg IoTeX can be an excellent choice for Canadians looking to hold IOTX 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 IoTeX (IOTX) Tokens in Canada
To lend Binance-Peg IoTeX in Canada, you first need to acquire it. To obtain Binance-Peg IoTeX, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
Azbit Binance-Peg IoTeX (IOTX) 0.01
FMFW.io Binance-Peg IoTeX (IOTX) 0.01
Kucoin Binance-Peg IoTeX (IOTX) 0.01
See all 4 prices in Canada
2. Choose a Binance-Peg IoTeX Lender in Canada
Once you have IOTX, you'll need to choose a Binance-Peg IoTeX lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Kucoin Binance-Peg IoTeX (IOTX) Up to 100% APY in Canada
3. Lend Your Binance-Peg IoTeX in Canada
Once you've selected a platform to lend your Binance-Peg IoTeX, transfer your Binance-Peg IoTeX 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
Azbit	Binance-Peg IoTeX (IOTX)	0.01
FMFW.io	Binance-Peg IoTeX (IOTX)	0.01
Kucoin	Binance-Peg IoTeX (IOTX)	0.01

Platform	Coin	APY
Kucoin	Binance-Peg IoTeX (IOTX)	Up to 100% 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.