How to Lend Terra Classic (Wormhole) (LUNC) in Canada

Introduction to Cryptocurrency in Canada

Lending Terra Classic (Wormhole) can be an excellent choice for Canadians looking to hold LUNC 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 Terra Classic (Wormhole) (LUNC) Tokens in Canada

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

   Platform	Coin	Cost
   Kraken	Terra Classic (Wormhole) (LUNC)	0.00003961
   CoinEx	Terra Classic (Wormhole) (LUNC)	0.00003945
   Hotcoin	Terra Classic (Wormhole) (LUNC)	0.0000395
   Kucoin	Terra Classic (Wormhole) (LUNC)	0.00003959
   MEXC Global	Terra Classic (Wormhole) (LUNC)	0.00003943
   WhiteBit	Terra Classic (Wormhole) (LUNC)	0.00003966

   See all 11 prices in Canada

2. 2. Choose a Terra Classic (Wormhole) Lender in Canada

   Once you have LUNC, you'll need to choose a Terra Classic (Wormhole) lending platform to lend your tokens. You can explore some options available in Canada here.

   Platform	Coin	APY
   Kucoin	Terra Classic (Wormhole) (LUNC)	Up to 0.5% APY in Canada

3. 3. Lend Your Terra Classic (Wormhole) in Canada

   Once you've selected a platform to lend your Terra Classic (Wormhole), transfer your Terra Classic (Wormhole) 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.