Where and How to Lend Cardano (ADA)

Introduction

Lending Cardano can be a great option for those who want to hold ADA 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. 1. Acquire Cardano (ADA) Tokens

   To be able to lend Cardano, you need to have it. To get Cardano, you’ll have to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   Nexo	Cardano (ADA)	0.93
   PrimeXBT	Cardano (ADA)	0.92
   M2	Cardano (ADA)	0.92
   Uphold	Cardano (ADA)	0.93
   Klink	Cardano (ADA)	0.92
   OKX	Cardano (ADA)	0.93

   See all 37 prices

2. 2. Choose a Cardano Lender

   Once you have ADA, you’ll need to choose a Cardano lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	Cardano (ADA)	Up to 8 APY
   YouHodler	Cardano (ADA)	Up to 12 APY
   Bitget	Cardano (ADA)	Up to 1.8 APY
   Blockchain.com	Cardano (ADA)	Up to 1 APY

   See all 7 borrowing rates

3. 3. Lend Your Cardano

   Once you’ve chosen a platform to lend your Cardano, transfer your Cardano 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. 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.

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.