How to Lend Wrapped USD (WUSD) in Canada

Introduction to Cryptocurrency in Canada

Lending Wrapped USD can be an excellent choice for Canadians looking to hold WUSD 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 Wrapped USD (WUSD) Tokens in Canada

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

   Platform	Coin	Cost
   Azbit	Wrapped USD (WUSD)	1
   BingX	Wrapped USD (WUSD)	1
   Bitget	Wrapped USD (WUSD)	1
   Bitmart	Wrapped USD (WUSD)	1
   Gate.io	Wrapped USD (WUSD)	1
   Hotcoin	Wrapped USD (WUSD)	1

   See all 13 prices in Canada

2. 2. Choose a Wrapped USD Lender in Canada

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

   Platform	Coin	APY
   Bitget	Wrapped USD (WUSD)	Up to 12% APY in Canada

3. 3. Lend Your Wrapped USD in Canada

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