Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   PrimeXBT	NEO (NEO)	3.54
   Binance	NEO (NEO)	3.55
   OKX	NEO (NEO)	3.55
   Uphold	NEO (NEO)	7.18
   BingX	NEO (NEO)	3.55
   Bitfinex	NEO (NEO)	3.53

   See all 34 prices in Canada

2. 2. Choose a NEO Lender in Canada

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

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

3. 3. Lend Your NEO in Canada

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