How to Lend iExec RLC (RLC): A Step-by-Step Guide for UAE Investors

Introduction

Lending iExec RLC can be an excellent choice for those looking to hold RLC 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. Acquire iExec RLC (RLC) Tokens
To lend iExec RLC, you must first acquire it. To obtain iExec RLC, you will need to purchase it. You can select from these well-known exchanges available in the UAE.
Platform Cryptocurrency Price
Binance iExec RLC (RLC) 0.64
Coinbase iExec RLC (RLC) 0.64
Kraken iExec RLC (RLC) 0.63
BingX iExec RLC (RLC) 2.07
Bitget iExec RLC (RLC) 0.64
Bitmart iExec RLC (RLC) 0.84
View all 32 prices
2. Select a iExec RLC provider in the UAE
Once you have RLC, you'll need to select a iExec RLC lending platform to lend your tokens. You can explore some options available in the UAE market here.
Platform Cryptocurrency APY
Kucoin iExec RLC (RLC) Up to 0.5% APY
3. Lend Your iExec RLC in the UAE
Once you've selected a platform to lend your iExec RLC, transfer your iExec RLC 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. 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.

Platform	Cryptocurrency	Price
Binance	iExec RLC (RLC)	0.64
Coinbase	iExec RLC (RLC)	0.64
Kraken	iExec RLC (RLC)	0.63
BingX	iExec RLC (RLC)	2.07
Bitget	iExec RLC (RLC)	0.64
Bitmart	iExec RLC (RLC)	0.84

Platform	Cryptocurrency	APY
Kucoin	iExec RLC (RLC)	Up to 0.5% APY

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.