How to Lend Cosmos Hub (ATOM) in Canada

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. 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)	1.95
   BTSE	Cosmos Hub (ATOM)	1.95
   Coinbase	Cosmos Hub (ATOM)	1.94

   See all 69 prices in Canada

2. 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. 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. 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.