Where and How to Lend Ren (REN)

Introduction

Lending Ren can be a great option for those who want to hold REN 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 Ren (REN) Tokens

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

   Platform	Loonies	Price
   Uphold	Ren (REN)	0.01
   Kraken	Ren (REN)	0.01
   Binance	Ren (REN)	0.04
   BTSE	Ren (REN)	0.05
   Coinbase	Ren (REN)	0.04
   MEXC Global	Ren (REN)	0.01

   See all 39 prices

2. 2. Choose a Ren Lender

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

   Platform	Loonies	Interest rate
   Kucoin	Ren (REN)	Up to 0.5% annual percentage yield
   Gemini	Ren (REN)	Up to 0.01% annual percentage yield

   See all 4 lending rates

3. 3. Lend Your Ren

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