Recent Developments
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- Market capitalization
- $12.32B
- 24-hour trading volume
- $463.56M
- Circulating supply
- 131,830.43 WBTC
Earn up to
0.24% APY in the UAE.
An in-depth guide on how to lend Wrapped Bitcoin (WBTC) in the UAE
We have extensive data on lending Wrapped Bitcoin (WBTC) and we are pleased to share some of this information with you.
We present you with various lending options featuring different cryptocurrencies that may pique your interest.
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Lending Wrapped Bitcoin can be an excellent choice for those looking to hold WBTC while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.
To lend Wrapped Bitcoin, you must first acquire it. To obtain Wrapped Bitcoin, you will need to purchase it. You can select from these well-known exchanges available in the UAE.
| Platform | Cryptocurrency | Price |
|---|---|---|
| Binance | Wrapped Bitcoin (WBTC) | 87,707.47 |
| Kraken | Wrapped Bitcoin (WBTC) | 87,962.1 |
| OKX | Wrapped Bitcoin (WBTC) | 114,676.9 |
| BingX | Wrapped Bitcoin (WBTC) | 87,729.26 |
| Bitget | Wrapped Bitcoin (WBTC) | 87,823.4 |
| Bitmart | Wrapped Bitcoin (WBTC) | 87,707.47 |
Once you have WBTC, you'll need to select a Wrapped Bitcoin lending platform to lend your tokens. You can explore some options available in the UAE market here.
| Platform | Cryptocurrency | APY |
|---|---|---|
| Aave | Wrapped Bitcoin (WBTC) | Up to 0.01% APY |
| Bitget | Wrapped Bitcoin (WBTC) | Up to 1.3% APY |
| Compound | Wrapped Bitcoin (WBTC) | Up to 1.82% APY |
| Klink | Wrapped Bitcoin (WBTC) | Up to 4% APY |
Once you've selected a platform to lend your Wrapped Bitcoin, transfer your Wrapped Bitcoin 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.
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.
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.