How to Lend TrueUSD (TUSD): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending TrueUSD can be an excellent choice for Canadians looking to hold TUSD 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 TrueUSD (TUSD) Tokens in Canada
To lend TrueUSD in Canada, you first need to acquire it. To obtain TrueUSD, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
YouHodler TrueUSD (TUSD) 1
Binance TrueUSD (TUSD) 1
Kraken TrueUSD (TUSD) 0.99
Uphold TrueUSD (TUSD) 1
Azbit TrueUSD (TUSD) 1
See all 35 prices in Canada

Platform	Coin	Cost
YouHodler	TrueUSD (TUSD)	1
Binance	TrueUSD (TUSD)	1
Kraken	TrueUSD (TUSD)	0.99
Uphold	TrueUSD (TUSD)	1
Azbit	TrueUSD (TUSD)	1

2. Choose a TrueUSD Lender in Canada

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

Platform	Coin	APY
Nexo	TrueUSD (TUSD)	Up to 14% APY in Canada
YouHodler	TrueUSD (TUSD)	Up to 20% APY in Canada
Bitget	TrueUSD (TUSD)	Up to 9% APY in Canada
CEX.io	TrueUSD (TUSD)	Up to 4% APY in Canada
Kucoin	TrueUSD (TUSD)	Up to 0.5% APY in Canada

See all 8 lending rates in Canada

3. Lend Your TrueUSD in Canada
Once you've selected a platform to lend your TrueUSD, transfer your TrueUSD 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.

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.