Earn up to
4% APY in Canada
An in-depth guide on how to lend Enjin Coin (ENJ) in Canada
We have a wealth of information on lending Enjin Coin (ENJ) 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.
Enjin Coin (ENJ) is currently priced at US$4 with a 24-hour trading volume of US$20.28M. The market cap of Enjin Coin stands at US$360.31M, with 1.79B ENJ in circulation. For those looking to buy or trade Enjin Coin, Kucoin offers avenues to do so securely and efficiently
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.
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 |
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 |
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.
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.
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