Introduction

Lending Canadian Dollar can be an excellent choice for those looking to hold CAD while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Canadian Dollar (CAD) Tokens

   To lend Canadian Dollar, you must first possess it. To acquire Canadian Dollar, you'll need to buy it. You can select from these well-known exchanges available in Italy.

2. 2. Select a Canadian Dollar Lender in Italy

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

3. 3. Lend Your Canadian Dollar in Italy

   Once you've selected a platform to lend your Canadian Dollar, transfer your Canadian Dollar into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   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 interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks