How to Lend PAX Gold (PAXG): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending PAX Gold can be an excellent choice for Canadians looking to hold PAXG 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 Gold (PAXG) Tokens in Canada
To lend PAX Gold in Canada, you first need to acquire it. To obtain PAX Gold, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
Nexo PAX Gold (PAXG) 3,574.52
YouHodler PAX Gold (PAXG) 3,574.77
Binance PAX Gold (PAXG) 3,574.77
Coinbase PAX Gold (PAXG) 3,575.75
Kraken PAX Gold (PAXG) 3,578.03
Luno PAX Gold (PAXG) 3,661
See all 44 prices in Canada
2. Choose a PAX Gold Lender in Canada
Once you have PAXG, you'll need to choose a PAX Gold lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Nexo PAX Gold (PAXG) Up to 7% APY in Canada
YouHodler PAX Gold (PAXG) Up to 12% APY in Canada
Gemini PAX Gold (PAXG) Up to 0.01% APY in Canada
Kucoin PAX Gold (PAXG) Up to 0.36% APY in Canada
See all 7 lending rates in Canada
3. Lend Your PAX Gold in Canada
Once you've selected a platform to lend your PAX Gold, transfer your PAX Gold 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
Nexo	PAX Gold (PAXG)	3,574.52
YouHodler	PAX Gold (PAXG)	3,574.77
Binance	PAX Gold (PAXG)	3,574.77
Coinbase	PAX Gold (PAXG)	3,575.75
Kraken	PAX Gold (PAXG)	3,578.03
Luno	PAX Gold (PAXG)	3,661

Platform	Coin	APY
Nexo	PAX Gold (PAXG)	Up to 7% APY in Canada
YouHodler	PAX Gold (PAXG)	Up to 12% APY in Canada
Gemini	PAX Gold (PAXG)	Up to 0.01% APY in Canada
Kucoin	PAX Gold (PAXG)	Up to 0.36% 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.

Latest Movements in Canada

PAX Gold (PAXG) is currently priced at US$7 with a 24-hour trading volume of US$14.25M. The market cap of PAX Gold stands at US$535.05M, with 199,956.7 PAXG in circulation. For those looking to buy or trade PAX Gold, Nexo offers avenues to do so securely and efficiently

Market capitalization: US$535.05M
24h trading volume: US$14.25M
Circulating supply in Canada: 199,956.7 PAXG

See the latest information

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