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Introduction

Lending Dogecoin can be a great option for those who want to hold DOGE while earning yield. The steps may seem a bit 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 Dogecoin (DOGE) tokens

   To lend Dogecoin, you need to possess it. To acquire Dogecoin, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Nexo	Dogecoin (DOGE)	0.14
   PrimeXBT	Dogecoin (DOGE)	0.14
   EarnPark	Dogecoin (DOGE)	0.14
   YouHodler	Dogecoin (DOGE)	0.14
   Binance	Dogecoin (DOGE)	0.14
   BTSE	Dogecoin (DOGE)	0.14

   See all 67 prices

2. 2. Choose a Dogecoin lender

   Once you have DOGE, you'll need to choose a Dogecoin lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Nexo	Dogecoin (DOGE)	Up to 3% p.a.
   EarnPark	Dogecoin (DOGE)	Up to 7% p.a.
   YouHodler	Dogecoin (DOGE)	Up to 12% p.a.
   Bitget	Dogecoin (DOGE)	Up to 2% p.a.
   Blockchain.com	Dogecoin (DOGE)	Up to 1% p.a.

   See all 14 lending rates

3. 3. Earn Dogecoin

   Once you've chosen a platform to earn your Dogecoin, transfer your Dogecoin into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so 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. Ensure your earning platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.