How to Lend Moonbeam (GLMR): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Moonbeam can be an excellent choice for Canadians looking to hold GLMR 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 Moonbeam (GLMR) Tokens in Canada
To lend Moonbeam in Canada, you first need to acquire it. To obtain Moonbeam, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
Binance Moonbeam (GLMR) 0.02
BTSE Moonbeam (GLMR) 0.02
Kraken Moonbeam (GLMR) 0.02
OKX Moonbeam (GLMR) 0.09
Uphold Moonbeam (GLMR) 0.08
BingX Moonbeam (GLMR) 0.02
See all 39 prices in Canada
2. Choose a Moonbeam Lender in Canada
Once you have GLMR, you'll need to choose a Moonbeam lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Kucoin Moonbeam (GLMR) Up to 0.5% APY in Canada
3. Lend Your Moonbeam in Canada
Once you've selected a platform to lend your Moonbeam, transfer your Moonbeam 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
Binance	Moonbeam (GLMR)	0.02
BTSE	Moonbeam (GLMR)	0.02
Kraken	Moonbeam (GLMR)	0.02
OKX	Moonbeam (GLMR)	0.09
Uphold	Moonbeam (GLMR)	0.08
BingX	Moonbeam (GLMR)	0.02

Platform	Coin	APY
Kucoin	Moonbeam (GLMR)	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.