How to Lend Toncoin (TON): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Toncoin can be an excellent choice for Canadians looking to hold TON 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. Acquire Toncoin (TON) Tokens in Canada
To lend Toncoin in Canada, you first need to acquire it. To obtain Toncoin, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
PrimeXBT Toncoin (TON) 1.53
EarnPark Toncoin (TON) 1.53
YouHodler Toncoin (TON) 1.53
Binance Toncoin (TON) 1.53
BTSE Toncoin (TON) 1.53
Coinbase Toncoin (TON) 1.53
See all 65 prices in Canada
2. Choose a Toncoin Lender in Canada
Once you have TON, you'll need to choose a Toncoin lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
EarnPark Toncoin (TON) Up to 5% APY in Canada
YouHodler Toncoin (TON) Up to 20% APY in Canada
Blockchain.com Toncoin (TON) Up to 4% APY in Canada
Coinbase Toncoin (TON) Up to 4.74% APY in Canada
See all 12 lending rates in Canada
3. Lend Your Toncoin in Canada
Once you've selected a platform to lend your Toncoin, transfer your Toncoin 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. 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.

Platform	Coin	Cost
PrimeXBT	Toncoin (TON)	1.53
EarnPark	Toncoin (TON)	1.53
YouHodler	Toncoin (TON)	1.53
Binance	Toncoin (TON)	1.53
BTSE	Toncoin (TON)	1.53
Coinbase	Toncoin (TON)	1.53

Platform	Coin	APY
EarnPark	Toncoin (TON)	Up to 5% APY in Canada
YouHodler	Toncoin (TON)	Up to 20% APY in Canada
Blockchain.com	Toncoin (TON)	Up to 4% APY in Canada
Coinbase	Toncoin (TON)	Up to 4.74% APY in Canada

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.