How to Lend Cardano (ADA): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Cardano can be an excellent choice for Canadians looking to hold ADA 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 Cardano (ADA) Tokens in Canada
To lend Cardano in Canada, you first need to acquire it. To obtain Cardano, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
Nexo Cardano (ADA) 0.39
PrimeXBT Cardano (ADA) 0.39
YouHodler Cardano (ADA) 0.39
Binance Cardano (ADA) 0.39
BTSE Cardano (ADA) 0.39
Coinbase Cardano (ADA) 0.39
See all 73 prices in Canada
2. Choose a Cardano Lender in Canada
Once you have ADA, you'll need to choose a Cardano lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Nexo Cardano (ADA) Up to 8% APY in Canada
YouHodler Cardano (ADA) Up to 12% APY in Canada
Bitget Cardano (ADA) Up to 1.8% APY in Canada
Blockchain.com Cardano (ADA) Up to 1% APY in Canada
See all 12 lending rates in Canada
3. Lend Your Cardano in Canada
Once you've selected a platform to lend your Cardano, transfer your Cardano 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
Nexo	Cardano (ADA)	0.39
PrimeXBT	Cardano (ADA)	0.39
YouHodler	Cardano (ADA)	0.39
Binance	Cardano (ADA)	0.39
BTSE	Cardano (ADA)	0.39
Coinbase	Cardano (ADA)	0.39

Platform	Coin	APY
Nexo	Cardano (ADA)	Up to 8% APY in Canada
YouHodler	Cardano (ADA)	Up to 12% APY in Canada
Bitget	Cardano (ADA)	Up to 1.8% APY in Canada
Blockchain.com	Cardano (ADA)	Up to 1% 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.