How to Lend Ren (REN) in Canada

Introduction to Cryptocurrency in Canada

Lending Ren can be an excellent choice for Canadians looking to hold REN 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 Ren (REN) Tokens in Canada

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

   Platform	Coin	Cost
   Binance	Ren (REN)	0.04
   BTSE	Ren (REN)	0.05
   Coinbase	Ren (REN)	0.04
   Kraken	Ren (REN)	0.01
   Uphold	Ren (REN)	0.01
   BingX	Ren (REN)	0.01

   See all 39 prices in Canada

2. 2. Choose a Ren Lender in Canada

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

   Platform	Coin	APY
   Gemini	Ren (REN)	Up to 0.01% APY in Canada
   Kucoin	Ren (REN)	Up to 0.5% APY in Canada

   See all 4 lending rates in Canada

3. 3. Lend Your Ren in Canada

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