How to Lend Cosmos Hub (ATOM): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Cosmos Hub can be an excellent choice for Canadians looking to hold ATOM 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 Cosmos Hub (ATOM) Tokens in Canada
To lend Cosmos Hub in Canada, you first need to acquire it. To obtain Cosmos Hub, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
Nexo Cosmos Hub (ATOM) 1.95
PrimeXBT Cosmos Hub (ATOM) 1.94
YouHodler Cosmos Hub (ATOM) 1.94
Binance Cosmos Hub (ATOM) 1.94
BTSE Cosmos Hub (ATOM) 1.94
Coinbase Cosmos Hub (ATOM) 1.94
See all 69 prices in Canada

Platform	Coin	Cost
Nexo	Cosmos Hub (ATOM)	1.95
PrimeXBT	Cosmos Hub (ATOM)	1.94
YouHodler	Cosmos Hub (ATOM)	1.94
Binance	Cosmos Hub (ATOM)	1.94
BTSE	Cosmos Hub (ATOM)	1.94
Coinbase	Cosmos Hub (ATOM)	1.94

2. Choose a Cosmos Hub Lender in Canada

Once you have ATOM, you'll need to choose a Cosmos Hub lending platform to lend your tokens. You can explore some options available in Canada here.

Platform	Coin	APY
Nexo	Cosmos Hub (ATOM)	Up to 11% APY in Canada
YouHodler	Cosmos Hub (ATOM)	Up to 16% APY in Canada
Bitget	Cosmos Hub (ATOM)	Up to 9% APY in Canada
Coinbase	Cosmos Hub (ATOM)	Up to 14.04% APY in Canada

See all 11 lending rates in Canada

3. Lend Your Cosmos Hub in Canada
Once you've selected a platform to lend your Cosmos Hub, transfer your Cosmos Hub 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.

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.