Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Binance	Streamr (DATA)	0.01
   BingX	Streamr (DATA)	0.01
   Bitmart	Streamr (DATA)	0.02
   Bitpanda	Streamr (DATA)	0.05
   Bybit	Streamr (DATA)	0.02
   CoinEx	Streamr (DATA)	0.01

   See all 22 prices in Canada

2. 2. Choose a Streamr Lender in Canada

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

3. 3. Lend Your Streamr in Canada

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