Where and How to Lend Dogecoin (DOGE)

Introduction

Lending Dogecoin can be a great option for those who want to hold DOGE 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 Dogecoin (DOGE) Tokens

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

   Platform	Loonies	Price
   Nexo	Dogecoin (DOGE)	0.18
   PrimeXBT	Dogecoin (DOGE)	0.17
   Uphold	Dogecoin (DOGE)	0.18
   EarnPark	Dogecoin (DOGE)	0.18
   Kraken	Dogecoin (DOGE)	0.17
   OKX	Dogecoin (DOGE)	0.18

   See all 67 prices

2. 2. Choose a Dogecoin Lender

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

   Platform	Loonies	Interest rate
   Nexo	Dogecoin (DOGE)	Up to 3 annual percentage yield
   YouHodler	Dogecoin (DOGE)	Up to 12 annual percentage yield
   EarnPark	Dogecoin (DOGE)	Up to 7 annual percentage yield
   Bitget	Dogecoin (DOGE)	Up to 2 annual percentage yield
   Blockchain.com	Dogecoin (DOGE)	Up to 1 annual percentage yield

   See all 14 lending rates

3. 3. Lend Your Dogecoin

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