How to Lend Tether (USDT) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   Nexo	Tether (USDT)	1
   EarnPark	Tether (USDT)	1
   YouHodler	Tether (USDT)	1
   Binance	Tether (USDT)	1
   BTSE	Tether (USDT)	1
   Kraken	Tether (USDT)	1

   See all 45 prices in Canada

2. 2. Choose a Tether Lender in Canada

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

   Platform	Coin	APY
   Nexo	Tether (USDT)	Up to 16% APY in Canada
   Nebeus	Tether (USDT)	Up to 13% APY in Canada
   EarnPark	Tether (USDT)	Up to 35% APY in Canada
   YouHodler	Tether (USDT)	Up to 20% APY in Canada
   Syrup	Tether (USDT)	Up to 10.48% APY in Canada
   Neverless	Tether (USDT)	Up to 14% APY in Canada

   See all 42 lending rates in Canada

3. 3. Lend Your Tether in Canada

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