How to Lend Velocimeter FLOW (FLOW): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

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

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

Platform	Coin	Cost
Coinbase	Velocimeter FLOW (FLOW)	0.1
Kraken	Velocimeter FLOW (FLOW)	0.1
Azbit	Velocimeter FLOW (FLOW)	0.16
Bybit	Velocimeter FLOW (FLOW)	0.1
CoinEx	Velocimeter FLOW (FLOW)	0.09
CoinW	Velocimeter FLOW (FLOW)	0.1

See all 20 prices in Canada

2. Choose a Velocimeter FLOW Lender in Canada
Once you have FLOW, you'll need to choose a Velocimeter FLOW lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Kucoin Velocimeter FLOW (FLOW) Up to 0.5% APY in Canada
3. Lend Your Velocimeter FLOW in Canada
Once you've selected a platform to lend your Velocimeter FLOW, transfer your Velocimeter FLOW 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	APY
Kucoin	Velocimeter FLOW (FLOW)	Up to 0.5% 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.