Earn up to
0.24% APY in Canada
An in-depth guide on how to lend Wrapped Bitcoin (WBTC) in Canada
We have a wealth of information on lending Wrapped Bitcoin (WBTC) and we are excited to share some of this with you.
We present you with various lending options featuring other cryptocurrencies that may pique your interest.
Wrapped Bitcoin (WBTC) is currently priced at US$4 with a 24-hour trading volume of US$463.56M. The market cap of Wrapped Bitcoin stands at US$12.32B, with 131,830.43 WBTC in circulation. For those looking to buy or trade Wrapped Bitcoin, Aave offers avenues to do so securely and efficiently}
Lending Wrapped Bitcoin can be an excellent choice for Canadians looking to hold WBTC 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.
To lend Wrapped Bitcoin in Canada, you first need to acquire it. To obtain Wrapped Bitcoin, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
| Platform | Coin | Cost |
|---|---|---|
| Binance | Wrapped Bitcoin (WBTC) | 90,931.28 |
| Kraken | Wrapped Bitcoin (WBTC) | 91,074.3 |
| OKX | Wrapped Bitcoin (WBTC) | 114,676.9 |
| BingX | Wrapped Bitcoin (WBTC) | 90,943.42 |
| Bitget | Wrapped Bitcoin (WBTC) | 90,898.6 |
| Bitmart | Wrapped Bitcoin (WBTC) | 90,931.29 |
Once you have WBTC, you'll need to choose a Wrapped Bitcoin lending platform to lend your tokens. You can explore some options available in Canada here.
| Platform | Coin | APY |
|---|---|---|
| Aave | Wrapped Bitcoin (WBTC) | Up to 0.02% APY in Canada |
| Bitget | Wrapped Bitcoin (WBTC) | Up to 1.3% APY in Canada |
| Compound | Wrapped Bitcoin (WBTC) | Up to 1.82% APY in Canada |
| Klink | Wrapped Bitcoin (WBTC) | Up to 4% APY in Canada |
Once you've selected a platform to lend your Wrapped Bitcoin, transfer your Wrapped Bitcoin 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.
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.
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.
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