Where and How to Lend Amp (AMP)

Introduction

Lending Amp can be a great option for those who want to hold AMP 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. Get Amp (AMP) Tokens

   To lend Amp, you need to have it. To get Amp, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Uphold	Amp (AMP)	0
   Binance	Amp (AMP)	0
   Coinbase	Amp (AMP)	0
   Bitget	Amp (AMP)	0
   Bitmart	Amp (AMP)	0
   Gate.io	Amp (AMP)	0

   See all 26 prices

2. 2. Choose a Amp Lender

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

   Platform	Loonies	Interest rate
   Gemini	Amp (AMP)	Up to 0.01 annual percentage yield

3. 3. Lend Your Amp

   Once you’ve chosen a platform for lending your Amp, transfer your Amp into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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 maximize your returns.

What to be Aware of

Loaning 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 out their lending practices, reviews, and how they secure your cryptocurrency.