Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Uphold	Pocket Network (POKT)	0.05
   BingX	Pocket Network (POKT)	0.01
   Bitget	Pocket Network (POKT)	0.01
   CoinEx	Pocket Network (POKT)	0.01
   Gate.io	Pocket Network (POKT)	0.01
   Kucoin	Pocket Network (POKT)	0.01

   See all 13 prices in Canada

2. 2. Choose a Pocket Network Lender in Canada

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

3. 3. Lend Your Pocket Network in Canada

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