Where and How to Lend Bitcoin (BTC)

Introduction

Lending Bitcoin can be a great option for those who want to hold BTC 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 Guide

1. 1. Obtain Bitcoin (BTC) Tokens

   In order to lend Bitcoin, you need to have it. To obtain Bitcoin, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Bitcoin (BTC)	69.38K
   Bitpanda	Bitcoin (BTC)	69.86K
   Wirex	Bitcoin (BTC)	69.52K
   Uphold	Bitcoin (BTC)	69.27K
   EarnPark	Bitcoin (BTC)	69.23K
   Klink	Bitcoin (BTC)	69.33K

   See all 25 prices

2. 2. Choose a Bitcoin Lender

   Once you have BTC, you’ll need to choose a Bitcoin lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	Bitcoin (BTC)	Up to 7.00 APY
   Wirex	Bitcoin (BTC)	Up to 14.00 APY
   EarnPark	Bitcoin (BTC)	Up to 15.00 APY
   Nebeus	Bitcoin (BTC)	Up to 4.50 APY
   YouHodler	Bitcoin (BTC)	Up to 12.00 APY
   Neverless	Bitcoin (BTC)	Up to 7.25 APY

   See all 21 lending rates

3. 3. Lend Your Bitcoin

   Once you’ve chosen a platform to lending your Bitcoin, transfer your Bitcoin 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. 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.