How to Lend Chainlink (LINK): A Step-by-Step Guide

Introduction

Lending Chainlink can be a great option for those who want to hold LINK 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. Obtain Chainlink (LINK) Tokens
In order to lend Chainlink, you need to have it. To obtain Chainlink, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Chainlink (LINK) 18.04
PrimeXBT Chainlink (LINK) 17.97
M2 Chainlink (LINK) 17.98
Uphold Chainlink (LINK) 17.98
OKX Chainlink (LINK) 18.43
YouHodler Chainlink (LINK) 17.99
See all 71 prices
2. Choose a Chainlink Lender
Once you have LINK, you’ll need to choose a Chainlink lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Nexo Chainlink (LINK) Up to 7 APY
YouHodler Chainlink (LINK) Up to 12 APY
Aave Chainlink (LINK) Up to 0.03 APY
Kucoin Chainlink (LINK) Up to 0.02 APY
See all 13 lending rates
3. Lend Your Chainlink
Once you’ve chosen a platform to lending your Chainlink, transfer your Chainlink 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.

Platform	Coin	Price
Nexo	Chainlink (LINK)	18.04
PrimeXBT	Chainlink (LINK)	17.97
M2	Chainlink (LINK)	17.98
Uphold	Chainlink (LINK)	17.98
OKX	Chainlink (LINK)	18.43
YouHodler	Chainlink (LINK)	17.99

Platform	Coin	Interest rate
Nexo	Chainlink (LINK)	Up to 7 APY
YouHodler	Chainlink (LINK)	Up to 12 APY
Aave	Chainlink (LINK)	Up to 0.03 APY
Kucoin	Chainlink (LINK)	Up to 0.02 APY

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

Chainlink (LINK) is currently priced at $0.02 with a 24-hour trading volume of $867.93M. The market cap of Chainlink stands at $12.56B, with 631.1M LINK in circulation. For those looking to buy or trade Chainlink, Nexo offers avenues to do so securely and efficiently}

Market cap: $12.56B
24h volume: $867.93M
Circulating supply: 631.1M LINK

See latest information

Frequently Asked Questions About Lending Chainlink (LINK)

What are the current Chainlink lending rates?: Chainlink lending rates vary across platforms and can change frequently. Use tools on Bitcompare to find real-time price comparisons and stay informed about the latest rates. Regularly checking and bookmarking this page helps keep you updated in the dynamic crypto market.
How often do Chainlink lending rates change?: Lending rates for Chainlink can fluctuate based on market conditions. Stay informed with Bitcompare's tools like real-time comparisons and email alerts to monitor changes effectively. Visit this page regularly to stay ahead in the cryptocurrency market.
Where can I find the best Chainlink lending rates?: The best Chainlink lending rates can be found by comparing offers across different platforms. Bitcompare provides tools such as real-time comparisons and sentiment analysis to help you identify competitive rates. Bookmark this page for continuous updates.
Why do Chainlink lending rates vary across platforms?: Lending rates vary due to differences in platform policies and market demand. Bitcompare offers insights through sentiment analysis and real-time comparisons to help you understand these variations. Regularly check this page for the latest information.
How can I stay informed about Chainlink lending rate changes?: Use Bitcompare's email alerts and real-time comparison tools to stay informed on rate changes. By checking this page regularly, you'll remain updated on the latest Chainlink news events and rates, ensuring you make well-informed decisions.
Is Bitcompare reliable for checking Chainlink rates?: Yes, Bitcompare is a trusted crypto comparison platform offering reliable tools for finding reputable exchanges and rates. Utilize its features like real-time price comparisons and sentiment analysis and keep this page bookmarked for future reference.
Can I receive alerts for Chainlink rate updates?: Yes, Bitcompare offers email alerts for Chainlink rate updates. By subscribing, you can stay on top of market changes and make informed decisions. Keep this page bookmarked and check regularly for the latest developments.