Introduction

Lending Canadian Dollar can be an excellent choice for individuals looking to hold CAD while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire Canadian Dollar (CAD) Tokens

   To lend Canadian Dollar, you must first possess it. To acquire Canadian Dollar, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

2. 2. Select a Canadian Dollar lending platform

   Once you have CAD, you'll need to select a Canadian Dollar lending platform to lend your tokens. You can explore several options available in the market here.

3. 3. Lend Your Canadian Dollar for attractive APY returns

   After selecting a platform to lend your Canadian Dollar, transfer your Canadian Dollar into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks