Earn up to
14% APY in Canada
An in-depth guide on how to lend Pax Dollar (USDP) in Canada
We have a wealth of information on lending Pax Dollar (USDP) and we are excited to share some of this with you.
We present you with various lending options featuring other cryptocurrencies that may pique your interest.
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
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.
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.
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 |
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.
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.
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.
USDP
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
