How to Lend Bitcoin Cash (BCH): A Step-by-Step Guide

Introduction

Lending Bitcoin Cash can be a great option for those who want to hold BCH 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. Get Bitcoin Cash (BCH) Tokens
To lend Bitcoin Cash, you need to have it. To get Bitcoin Cash, you'll need to buy it. You can choose from these popular exchanges.
Platform Loonies Price
Nexo Bitcoin Cash (BCH) 337.81
Uphold Bitcoin Cash (BCH) 351.27
EarnPark Bitcoin Cash (BCH) 335.56
YouHodler Bitcoin Cash (BCH) 351.71
OKX Bitcoin Cash (BCH) 350.1
M2 Bitcoin Cash (BCH) 351.16
See all 56 prices

Platform	Loonies	Price
Nexo	Bitcoin Cash (BCH)	337.81
Uphold	Bitcoin Cash (BCH)	351.27
EarnPark	Bitcoin Cash (BCH)	335.56
YouHodler	Bitcoin Cash (BCH)	351.71
OKX	Bitcoin Cash (BCH)	350.1
M2	Bitcoin Cash (BCH)	351.16

2. Choose a Bitcoin Cash Lender

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

Platform	Loonies	Interest rate
Nexo	Bitcoin Cash (BCH)	Up to 11 annual percentage yield
YouHodler	Bitcoin Cash (BCH)	Up to 12 annual percentage yield
EarnPark	Bitcoin Cash (BCH)	Up to 14 annual percentage yield
Nebeus	Bitcoin Cash (BCH)	Up to 4.5 annual percentage yield
Blockchain.com	Bitcoin Cash (BCH)	Up to 5 annual percentage yield

See all 14 lending rates

3. Lend Your Bitcoin Cash
Once you’ve chosen a platform for lending your Bitcoin Cash, transfer your Bitcoin Cash 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. 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.

Latest Movements

Bitcoin Cash (BCH) is currently priced at 0 with a 24-hour trading volume of US$229.05M. The market cap of Bitcoin Cash is currently at US$8.42B, with 19.81M BCH in circulation. For those interested in buying or trading Bitcoin Cash, Nexo offers ways to do so securely and efficiently

Market capitalization: US$8.42B
24h volume: US$229.05M
Circulating supply: 19.81M BCH

See latest information

Frequently Asked Questions About Lending Bitcoin Cash (BCH)

What are the current lending rates for Bitcoin Cash (BCH)?: Bitcoin Cash (BCH) currently has a total of eight lending rates available. While the average rate is not specified, the best lending rate can be found on Blockchain.com. It is important to regularly check platforms like Bitcompare for real-time updates on these rates, as they can fluctuate frequently depending on market conditions and platform offerings. Staying informed about these rates is essential for making informed decisions regarding your BCH assets.
How can I find the best lending rates for Bitcoin Cash (BCH)?: To find the best lending rates for Bitcoin Cash (BCH), you can utilize platforms like Bitcompare, which offers real-time price comparisons and detailed listings of lending rates from various services. Currently, Blockchain.com provides the best lending rate for BCH among the eight options available. By checking Bitcompare regularly, you can stay updated on the latest lending rates and make informed decisions regarding your Bitcoin Cash lending options.
Are lending rates for Bitcoin Cash (BCH) fixed or variable?: Lending rates for Bitcoin Cash (BCH) are typically variable, meaning they can change based on market conditions and the specific lending platform. Each platform may adjust its rates in response to factors such as demand for BCH, overall market sentiment, and competitive offerings. It is advisable to monitor these rates regularly on platforms like Bitcompare to ensure you are aware of any changes that could affect your lending decisions.
What factors influence the lending rates for Bitcoin Cash (BCH)?: Lending rates for Bitcoin Cash (BCH) are influenced by several factors, including market demand, the overall cryptocurrency market environment, and the policies of specific lending platforms. Additional elements such as the availability of BCH, interest from borrowers, and competition among platforms can also affect rates. Staying informed about these dynamics through resources like Bitcompare can help you understand the current lending landscape and make better-informed decisions regarding your BCH assets.
Can I earn interest on my Bitcoin Cash (BCH) holdings by lending them?: Yes, you can earn interest on your Bitcoin Cash (BCH) holdings by participating in lending platforms. These platforms allow you to lend your BCH to borrowers in exchange for interest payments. Currently, there are a total of nine earning rates available for BCH, with the best rate offered by YouHodler. By using platforms like Bitcompare, you can compare different options and stay updated on the most favorable rates to maximize your earning potential on BCH.