Where and How to Lend Ethereum (ETH)

Introduction

Lending Ethereum can be a great option for those who want to hold ETH 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 Ethereum (ETH) Tokens

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

   Platform	Loonies	Price
   Nexo	Ethereum (ETH)	2,019.1
   PrimeXBT	Ethereum (ETH)	2,019.87
   Uphold	Ethereum (ETH)	2,019.84
   EarnPark	Ethereum (ETH)	2,017.55
   Kraken	Ethereum (ETH)	2,020.19
   OKX	Ethereum (ETH)	2,019.44

   See all 82 prices

2. 2. Choose a Ethereum Lender

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

   Platform	Loonies	Interest rate
   Nexo	Ethereum (ETH)	Up to 8 annual percentage yield
   YouHodler	Ethereum (ETH)	Up to 12 annual percentage yield
   EarnPark	Ethereum (ETH)	Up to 7 annual percentage yield
   Nebeus	Ethereum (ETH)	Up to 4.5 annual percentage yield
   Aave	Ethereum (ETH)	Up to 0.42 annual percentage yield

   See all 29 lending rates

3. 3. Lend Your Ethereum

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