How to Lend Enjin Coin (ENJ) in Canada

Introduction to Cryptocurrency in Canada

Lending Enjin Coin can be an excellent choice for Canadians looking to hold ENJ 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 Enjin Coin (ENJ) Tokens in Canada

   To lend Enjin Coin in Canada, you first need to acquire it. To obtain Enjin Coin, you'll need to purchase it from one of these popular exchanges available in the Canadian market.

   Platform	Coin	Cost
   Binance	Enjin Coin (ENJ)	0.03
   BTSE	Enjin Coin (ENJ)	0.03
   Coinbase	Enjin Coin (ENJ)	0.29
   Kraken	Enjin Coin (ENJ)	0.03
   OKX	Enjin Coin (ENJ)	0.1
   Bake	Enjin Coin (ENJ)	0.03

   See all 50 prices in Canada

2. 2. Choose a Enjin Coin Lender in Canada

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

   Platform	Coin	APY
   Kucoin	Enjin Coin (ENJ)	Up to 4% APY in Canada

3. 3. Lend Your Enjin Coin in Canada

   Once you've selected a platform to lend your Enjin Coin, transfer your Enjin Coin 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.