Introduction

Lending ICON can be a great option for those who want to hold ICX 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 ICON (ICX) Tokens

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

   Platform	Coin	Cost
   Binance	ICON (ICX)	0.06
   OKX	ICON (ICX)	0.11
   Uphold	ICON (ICX)	0.11
   BingX	ICON (ICX)	0.06
   Bitget	ICON (ICX)	0.06
   Bitpanda	ICON (ICX)	0.21

   See all 27 prices

2. 2. Choose a ICON lender

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

3. 3. Lend Your ICON

   Once you've chosen a platform to lend your ICON, transfer your ICON into your wallet on the lending 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 lending 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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.