Introduction
Lending Bitcoin SV can be a great option for those who want to hold BSV but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Bitcoin SV (BSV) tokens
In order to lend Bitcoin SV, you need to have it. To obtain Bitcoin SV, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Bitcoin SV lender
Once you have BSV, you’ll need to choose a Bitcoin SV lending platform to lend your tokens. You can see some options here.
- 3
Lend your Bitcoin SV
Once you’ve chosen a platform to lending your Bitcoin SV, transfer your Bitcoin SV into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
- 4
Earn interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
What to be aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest movements
Bitcoin SV (BSV) is currently priced at $64.43, with a 24-hour trading volume of $54.85M. In the last 24 hours, Bitcoin SV has experienced a decrease to -0.88. The market cap of Bitcoin SV stands at $1.16B, with 19.70M in circulation. For those looking to buy or trade Bitcoin SV, reputable platforms like OKX, YouHodler and Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $1.16B
- Volume
- $54.85M
- Circulating supply
- $19.70M
