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.
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.
See all 6 lending rates in CanadaPlatform Coin APY Nexo Pax Dollar (USDP) Up to 14% APY in Canada YouHodler Pax Dollar (USDP) Up to 500% APY in Canada Neverless Pax Dollar (USDP) Up to 14% APY in Canada BTSE Pax Dollar (USDP) Up to 5.5% APY 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