How to Lend Mantle (MNT) in Canada

Introduction to Cryptocurrency in Canada

Lending Mantle can be an excellent choice for Canadians looking to hold MNT 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 Mantle (MNT) Tokens in Canada

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

   Platform	Coin	Cost
   YouHodler	Mantle (MNT)	0.98
   Coinbase	Mantle (MNT)	0.98
   Kraken	Mantle (MNT)	0.98
   Uphold	Mantle (MNT)	0.68
   Bake	Mantle (MNT)	0.98
   BingX	Mantle (MNT)	0.99

   See all 27 prices in Canada

2. 2. Choose a Mantle Lender in Canada

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

   Platform	Coin	APY
   YouHodler	Mantle (MNT)	Up to 30% APY in Canada
   MEXC Global	Mantle (MNT)	Up to 500% APY in Canada

3. 3. Lend Your Mantle in Canada

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