How to Lend Flare (FLR): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Flare can be an excellent choice for Canadians looking to hold FLR 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 Flare (FLR) Tokens in Canada
To lend Flare in Canada, you first need to acquire it. To obtain Flare, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
YouHodler Flare (FLR) 0.01
Coinbase Flare (FLR) 0.01
Kraken Flare (FLR) 0.01
OKX Flare (FLR) 0.02
Uphold Flare (FLR) 0.02
BingX Flare (FLR) 0.01
See all 42 prices in Canada
2. Choose a Flare Lender in Canada
Once you have FLR, you'll need to choose a Flare lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Kucoin Flare (FLR) Up to 0.5% APY in Canada
3. Lend Your Flare in Canada
Once you've selected a platform to lend your Flare, transfer your Flare 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.

Platform	Coin	Cost
YouHodler	Flare (FLR)	0.01
Coinbase	Flare (FLR)	0.01
Kraken	Flare (FLR)	0.01
OKX	Flare (FLR)	0.02
Uphold	Flare (FLR)	0.02
BingX	Flare (FLR)	0.01

Platform	Coin	APY
Kucoin	Flare (FLR)	Up to 0.5% APY in Canada

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.