Where and How to Lend Wrapped Bitcoin (WBTC)

Introduction

Lending Wrapped Bitcoin can be a great option for those who want to hold WBTC 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 Wrapped Bitcoin (WBTC) Tokens

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

   Platform	Loonies	Price
   Kraken	Wrapped Bitcoin (WBTC)	86,497.8
   OKX	Wrapped Bitcoin (WBTC)	86,104.8
   Binance	Wrapped Bitcoin (WBTC)	85,941.02
   MEXC Global	Wrapped Bitcoin (WBTC)	85,790.55
   Bitget	Wrapped Bitcoin (WBTC)	85,865.8
   Bitmart	Wrapped Bitcoin (WBTC)	85,956.51

   See all 20 prices

2. 2. Choose a Wrapped Bitcoin Lender

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

   Platform	Loonies	Interest rate
   Bitget	Wrapped Bitcoin (WBTC)	Up to 1.3 annual percentage yield
   Klink	Wrapped Bitcoin (WBTC)	Up to 4 annual percentage yield

3. 3. Lend Your Wrapped Bitcoin

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