Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Status (SNT)	0.03
   OKX	Status (SNT)	0.02
   BingX	Status (SNT)	0.04
   Bitget	Status (SNT)	0.01
   Bitmart	Status (SNT)	0.03
   Bitpanda	Status (SNT)	0.04

   See all 23 prices in Canada

2. 2. Choose a Status Lender in Canada

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

3. 3. Lend Your Status in Canada

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