Where and How to Lend Litecoin (LTC)

Introduction

Lending Litecoin can be a great option for those who want to hold LTC 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 Litecoin (LTC) Tokens

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

   Platform	Loonies	Price
   Nexo	Litecoin (LTC)	101.25
   PrimeXBT	Litecoin (LTC)	101.17
   Uphold	Litecoin (LTC)	101.22
   Kraken	Litecoin (LTC)	101.27
   OKX	Litecoin (LTC)	101.24
   YouHodler	Litecoin (LTC)	101.22

   See all 61 prices

2. 2. Choose a Litecoin Lender

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

   Platform	Loonies	Interest rate
   Nexo	Litecoin (LTC)	Up to 8 annual percentage yield
   YouHodler	Litecoin (LTC)	Up to 16 annual percentage yield
   Nebeus	Litecoin (LTC)	Up to 4.5 annual percentage yield
   Bitget	Litecoin (LTC)	Up to 0.3 annual percentage yield
   Blockchain.com	Litecoin (LTC)	Up to 1 annual percentage yield

   See all 11 lending rates

3. 3. Lend Your Litecoin

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