How to Lend Bitcoin Cash (BCH)

Introduction

Lending Bitcoin Cash can be an excellent choice for those looking to hold BCH while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire Bitcoin Cash (BCH) Tokens

   To lend Bitcoin Cash, you must first acquire it. To obtain Bitcoin Cash, you will need to purchase it. You can select from these well-known exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   Nexo	Bitcoin Cash (BCH)	595.89
   PrimeXBT	Bitcoin Cash (BCH)	593.56
   EarnPark	Bitcoin Cash (BCH)	590.96
   YouHodler	Bitcoin Cash (BCH)	594.04
   Binance	Bitcoin Cash (BCH)	594.1
   OKX	Bitcoin Cash (BCH)	593.3

   View all 57 prices

2. 2. Select a Bitcoin Cash provider in the UAE

   Once you have BCH, you'll need to select a Bitcoin Cash lending platform to lend your tokens. You can explore some options available in the UAE market here.

   Platform	Cryptocurrency	APY
   Nexo	Bitcoin Cash (BCH)	Up to 11% APY
   Nebeus	Bitcoin Cash (BCH)	Up to 4.5% APY
   EarnPark	Bitcoin Cash (BCH)	Up to 5% APY
   YouHodler	Bitcoin Cash (BCH)	Up to 12% APY
   Blockchain.com	Bitcoin Cash (BCH)	Up to 2% APY

   View all 14 financing rates

3. 3. Lend Your Bitcoin Cash in the UAE

   Once you've selected a platform to lend your Bitcoin Cash, transfer your Bitcoin Cash into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms offer interest payments daily, while others may do so weekly or monthly.

4. 4. Earn APY on Your Investments

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in the UAE Market

Lending your cryptocurrency can carry certain risks. It’s essential to conduct thorough research before depositing your cryptocurrency. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.