How to Lend Ravencoin (RVN): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Ravencoin can be an excellent choice for Canadians looking to hold RVN 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 Ravencoin (RVN) Tokens in Canada
To lend Ravencoin in Canada, you first need to acquire it. To obtain Ravencoin, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
Binance Ravencoin (RVN) 0.01
OKX Ravencoin (RVN) 0.01
Uphold Ravencoin (RVN) 0.01
BingX Ravencoin (RVN) 0.01
Bitget Ravencoin (RVN) 0.01
Bitmart Ravencoin (RVN) 0.01
See all 36 prices in Canada
2. Choose a Ravencoin Lender in Canada
Once you have RVN, you'll need to choose a Ravencoin lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Kucoin Ravencoin (RVN) Up to 0.5% APY in Canada
3. Lend Your Ravencoin in Canada
Once you've selected a platform to lend your Ravencoin, transfer your Ravencoin 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
Binance	Ravencoin (RVN)	0.01
OKX	Ravencoin (RVN)	0.01
Uphold	Ravencoin (RVN)	0.01
BingX	Ravencoin (RVN)	0.01
Bitget	Ravencoin (RVN)	0.01
Bitmart	Ravencoin (RVN)	0.01

Platform	Coin	APY
Kucoin	Ravencoin (RVN)	Up to 0.5% 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.