Where and How to Lend Bitcoin (BTC)

Introduction

Lending Bitcoin can be a great option for those who want to hold BTC 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 Bitcoin (BTC) Tokens

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

   Platform	Loonies	Price
   Nexo	Bitcoin (BTC)	82,169.96
   PrimeXBT	Bitcoin (BTC)	82,146.9
   Uphold	Bitcoin (BTC)	82,173.23
   EarnPark	Bitcoin (BTC)	82,633.7
   Kraken	Bitcoin (BTC)	82,187.2
   OKX	Bitcoin (BTC)	82,192.2

   See all 80 prices

2. 2. Choose a Bitcoin Lender

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

   Platform	Loonies	Interest rate
   Nexo	Bitcoin (BTC)	Up to 7 annual percentage yield
   YouHodler	Bitcoin (BTC)	Up to 12 annual percentage yield
   EarnPark	Bitcoin (BTC)	Up to 15 annual percentage yield
   Nebeus	Bitcoin (BTC)	Up to 4.5 annual percentage yield
   Neverless	Bitcoin (BTC)	Up to 7.25 annual percentage yield
   Aave	Bitcoin (BTC)	Up to 0.01 annual percentage yield

   See all 26 lending rates

3. 3. Lend Your Bitcoin

   Once you’ve chosen a platform for lending your Bitcoin, transfer your Bitcoin 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.