Introduction
Lending Litecoin can be a great option for those who want to hold LTC 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 Litecoin (LTC) tokens
In order to lend Litecoin, you need to have it. To obtain Litecoin, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Litecoin lender
Once you have LTC, you’ll need to choose a Litecoin lending platform to lend your tokens. You can see some options here.
- 3
Lend your Litecoin
Once you’ve chosen a platform to lending your Litecoin, transfer your Litecoin 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
Litecoin (LTC) is currently priced at $84.59, with a 24-hour trading volume of $487.04M. In the last 24 hours, Litecoin has experienced a decrease to -3.87. The market cap of Litecoin stands at $6.35B, with 74.46M in circulation. For those looking to buy or trade Litecoin, reputable platforms like OKX, Binance, Coinbase, BTSE, Kraken and YouHodler offer avenues to do so securely and efficiently.
- Market cap
- $6.35B
- Volume
- $487.04M
- Circulating supply
- $74.46M
