Latest Movements in Canada
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- Market capitalization
- US$12.56B
- 24h trading volume
- US$867.93M
- Circulating supply in Canada
- 631.1M LINK
Earn up to
7% APY in Canada
An in-depth guide on how to lend Chainlink (LINK) in Canada
We have a wealth of information on lending Chainlink (LINK) 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.
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Lending Chainlink can be an excellent choice for Canadians looking to hold LINK 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 Chainlink in Canada, you first need to acquire it. To obtain Chainlink, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
| Platform | Coin | Cost |
|---|---|---|
| Nexo | Chainlink (LINK) | 12.36 |
| PrimeXBT | Chainlink (LINK) | 12.33 |
| YouHodler | Chainlink (LINK) | 12.32 |
| Binance | Chainlink (LINK) | 12.33 |
| BTSE | Chainlink (LINK) | 12.33 |
Once you have LINK, you'll need to choose a Chainlink lending platform to lend your tokens. You can explore some options available in Canada here.
| Platform | Coin | APY |
|---|---|---|
| Nexo | Chainlink (LINK) | Up to 7% APY in Canada |
| EarnPark | Chainlink (LINK) | Up to 5% APY in Canada |
| YouHodler | Chainlink (LINK) | Up to 12% APY in Canada |
| Aave | Chainlink (LINK) | Up to 0.03% APY in Canada |
Once you've selected a platform to lend your Chainlink, transfer your Chainlink 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.