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Introduction

Lending Monero can be a great option for those who want to hold XMR 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 Monero (XMR) tokens

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

   Platform	Coin	Cost
   Binance	Monero (XMR)	118.7
   BTSE	Monero (XMR)	435
   Kraken	Monero (XMR)	438.02
   Azbit	Monero (XMR)	437.86
   BingX	Monero (XMR)	161.9
   Bitfinex	Monero (XMR)	437.84

   See all 27 prices

2. 2. Choose a Monero lender

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

   Platform	Coin	Interest rate
   Kucoin	Monero (XMR)	Up to 0.29% p.a.

3. 3. Earn Monero

   Once you've chosen a platform to earn your Monero, transfer your Monero 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.