Introduction to Cryptocurrency in Canada
Lending Rally can be an excellent choice for Canadians looking to hold RLY 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 Rally (RLY) Tokens in Canada
To lend Rally in Canada, you first need to acquire it. To obtain Rally, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
2. Choose a Rally Lender in Canada
Once you have RLY, you'll need to choose a Rally lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY Gemini Rally (RLY) Up to 0.01% APY in Canada 3. Earn Rally in Canada
Once you've selected a platform to earn your Rally, transfer your Rally into your wallet on the earning platform. Once it's deposited, it will begin to earn interest. 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 Canadian earning platform that pays compounding interest to maximize 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.
Latest Movements in Canada
Rally (RLY) is currently priced at US$0.01 with a 24-hour trading volume of US$57,981. The market cap of Rally stands at US$9.37M, with 5.01B RLY in circulation. For those looking to buy or trade Rally, Gemini offers avenues to do so securely and efficiently
- Market capitalization
- US$9.37M
- 24h trading volume
- US$57,981
- Circulating supply in Canada
- 5.01B RLY