How to Lend MANTRA (OM) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   PrimeXBT	MANTRA (OM)	0.07
   YouHodler	MANTRA (OM)	0.07
   Binance	MANTRA (OM)	0.07
   BTSE	MANTRA (OM)	0.16
   Kraken	MANTRA (OM)	0.07
   OKX	MANTRA (OM)	6.89

   See all 44 prices in Canada

2. 2. Choose a MANTRA Lender in Canada

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

   Platform	Coin	APY
   YouHodler	MANTRA (OM)	Up to 30% APY in Canada
   Kucoin	MANTRA (OM)	Up to 0.5% APY in Canada

3. 3. Lend Your MANTRA in Canada

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