How to Lend Sui (SUI) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   PrimeXBT	Sui (SUI)	1.41
   YouHodler	Sui (SUI)	1.41
   Binance	Sui (SUI)	1.41
   BTSE	Sui (SUI)	1.41
   Coinbase	Sui (SUI)	1.41
   Kraken	Sui (SUI)	1.41

   See all 62 prices in Canada

2. 2. Choose a Sui Lender in Canada

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

   Platform	Coin	APY
   Bitget	Sui (SUI)	Up to 2.5% APY in Canada
   Coinbase	Sui (SUI)	Up to 2.8% APY in Canada
   Kucoin	Sui (SUI)	Up to 2.6% APY in Canada

   See all 5 lending rates in Canada

3. 3. Lend Your Sui in Canada

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