How to Lend MultiversX (EGLD): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending MultiversX can be an excellent choice for Canadians looking to hold EGLD 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 MultiversX (EGLD) Tokens in Canada
To lend MultiversX in Canada, you first need to acquire it. To obtain MultiversX, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
PrimeXBT MultiversX (EGLD) 6.21
YouHodler MultiversX (EGLD) 6.21
Binance MultiversX (EGLD) 6.21
BTSE MultiversX (EGLD) 6.22
Coinbase MultiversX (EGLD) 6.21
Kraken MultiversX (EGLD) 6.26
See all 53 prices in Canada
2. Choose a MultiversX Lender in Canada
Once you have EGLD, you'll need to choose a MultiversX lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
YouHodler MultiversX (EGLD) Up to 16% APY in Canada
Bitget MultiversX (EGLD) Up to 0.3% APY in Canada
Kucoin MultiversX (EGLD) Up to 6% APY in Canada
See all 5 lending rates in Canada
3. Lend Your MultiversX in Canada
Once you've selected a platform to lend your MultiversX, transfer your MultiversX 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
PrimeXBT	MultiversX (EGLD)	6.21
YouHodler	MultiversX (EGLD)	6.21
Binance	MultiversX (EGLD)	6.21
BTSE	MultiversX (EGLD)	6.22
Coinbase	MultiversX (EGLD)	6.21
Kraken	MultiversX (EGLD)	6.26

Platform	Coin	APY
YouHodler	MultiversX (EGLD)	Up to 16% APY in Canada
Bitget	MultiversX (EGLD)	Up to 0.3% APY in Canada
Kucoin	MultiversX (EGLD)	Up to 6% 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.