How to Lend Pax Dollar (USDP): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Pax Dollar can be an excellent choice for Canadians looking to hold USDP 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 Pax Dollar (USDP) Tokens in Canada
To lend Pax Dollar in Canada, you first need to acquire it. To obtain Pax Dollar, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
YouHodler Pax Dollar (USDP) 1
Binance Pax Dollar (USDP) 1
Azbit Pax Dollar (USDP) 1
BingX Pax Dollar (USDP) 1
See all 22 prices in Canada

Platform	Coin	Cost
YouHodler	Pax Dollar (USDP)	1
Binance	Pax Dollar (USDP)	1
Azbit	Pax Dollar (USDP)	1
BingX	Pax Dollar (USDP)	1

2. Choose a Pax Dollar Lender in Canada

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

Platform	Coin	APY
Nexo	Pax Dollar (USDP)	Up to 14% APY in Canada
YouHodler	Pax Dollar (USDP)	Up to 20% APY in Canada
Neverless	Pax Dollar (USDP)	Up to 14% APY in Canada
BTSE	Pax Dollar (USDP)	Up to 5.5% APY in Canada

See all 6 lending rates in Canada

3. Lend Your Pax Dollar in Canada
Once you've selected a platform to lend your Pax Dollar, transfer your Pax Dollar 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.

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.

Latest Movements in Canada

Pax Dollar (USDP) is currently priced at US$14 with a 24-hour trading volume of US$8.71M. The market cap of Pax Dollar stands at US$93.73M, with 93.56M USDP in circulation. For those looking to buy or trade Pax Dollar, Nexo offers avenues to do so securely and efficiently

Market capitalization: US$93.73M
24h trading volume: US$8.71M
Circulating supply in Canada: 93.56M USDP

See the latest information

Pax Dollar USDP Updates in Canada

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