How to Lend Arbitrum (ARB): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Arbitrum can be an excellent choice for Canadians looking to hold ARB 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 Arbitrum (ARB) Tokens in Canada
To lend Arbitrum in Canada, you first need to acquire it. To obtain Arbitrum, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
Nexo Arbitrum (ARB) 0.21
EarnPark Arbitrum (ARB) 0.2
YouHodler Arbitrum (ARB) 0.2
Binance Arbitrum (ARB) 0.2
BTSE Arbitrum (ARB) 0.2
Coinbase Arbitrum (ARB) 0.2
See all 58 prices in Canada
2. Choose a Arbitrum Lender in Canada
Once you have ARB, you'll need to choose a Arbitrum lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Nexo Arbitrum (ARB) Up to 6% APY in Canada
EarnPark Arbitrum (ARB) Up to 7% APY in Canada
Aave Arbitrum (ARB) Up to 0.71% APY in Canada
Bitget Arbitrum (ARB) Up to 0.16% APY in Canada
See all 11 lending rates in Canada
3. Lend Your Arbitrum in Canada
Once you've selected a platform to lend your Arbitrum, transfer your Arbitrum 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. 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.

Platform	Coin	Cost
Nexo	Arbitrum (ARB)	0.21
EarnPark	Arbitrum (ARB)	0.2
YouHodler	Arbitrum (ARB)	0.2
Binance	Arbitrum (ARB)	0.2
BTSE	Arbitrum (ARB)	0.2
Coinbase	Arbitrum (ARB)	0.2

Platform	Coin	APY
Nexo	Arbitrum (ARB)	Up to 6% APY in Canada
EarnPark	Arbitrum (ARB)	Up to 7% APY in Canada
Aave	Arbitrum (ARB)	Up to 0.71% APY in Canada
Bitget	Arbitrum (ARB)	Up to 0.16% APY in Canada

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.