How to Lend Zilliqa (ZIL) in Canada

Introduction to Cryptocurrency in Canada

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

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

   Platform	Coin	Cost
   EarnPark	Zilliqa (ZIL)	0
   YouHodler	Zilliqa (ZIL)	0
   Binance	Zilliqa (ZIL)	0
   OKX	Zilliqa (ZIL)	0.01
   Uphold	Zilliqa (ZIL)	0.01
   Bake	Zilliqa (ZIL)	0

   See all 45 prices in Canada

2. 2. Choose a Zilliqa Lender in Canada

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

   Platform	Coin	APY
   EarnPark	Zilliqa (ZIL)	Up to 10% APY in Canada
   YouHodler	Zilliqa (ZIL)	Up to 12% APY in Canada
   Kucoin	Zilliqa (ZIL)	Up to 1% APY in Canada

   See all 6 lending rates in Canada

3. 3. Lend Your Zilliqa in Canada

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