Introduction
Lending Dogecoin can be a great option for those who want to hold DOGE 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 Dogecoin (DOGE) tokens
In order to lend Dogecoin, you need to have it. To obtain Dogecoin, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Dogecoin lender
Once you have DOGE, you’ll need to choose a Dogecoin lending platform to lend your tokens. You can see some options here.
- 3
Lend your Dogecoin
Once you’ve chosen a platform to lending your Dogecoin, transfer your Dogecoin 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
Dogecoin (DOGE) is currently priced at $0.1584, with a 24-hour trading volume of $1.82B. In the last 24 hours, Dogecoin has seen an increase to 1.12. The market cap of Dogecoin stands at $22.56B, with 144.18B in circulation. For those looking to buy or trade Dogecoin, reputable platforms like OKX, Binance, BTSE, Kraken, YouHodler and EarnPark offer avenues to do so securely and efficiently.
- Market cap
- $22.56B
- Volume
- $1.82B
- Circulating supply
- $144.18B
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