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. Get Cardano (ADA) Tokens

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

   Platform	Loonies	Price
   Nexo	Cardano (ADA)	0.78
   PrimeXBT	Cardano (ADA)	0.77
   Uphold	Cardano (ADA)	0.77
   Kraken	Cardano (ADA)	0.77
   OKX	Cardano (ADA)	0.77
   YouHodler	Cardano (ADA)	0.77

   See all 73 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	Loonies	Interest rate
   Nexo	Cardano (ADA)	Up to 8 annual percentage yield
   YouHodler	Cardano (ADA)	Up to 12 annual percentage yield
   Bitget	Cardano (ADA)	Up to 1.8 annual percentage yield
   Blockchain.com	Cardano (ADA)	Up to 1 annual percentage yield

   See all 12 lending rates

3. 3. Lend Your Cardano

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