Where and How to Earn Cardano (ADA)

Introduction

Lending Cardano can be an excellent choice for individuals looking to hold ADA while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire Cardano (ADA) Tokens

   To lend Cardano, you must first possess it. To acquire Cardano, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   Platform	Coin	Price
   Nexo	Cardano (ADA)	0.36 APY
   PrimeXBT	Cardano (ADA)	0.36 APY
   YouHodler	Cardano (ADA)	0.36 APY
   Binance	Cardano (ADA)	0.36 APY
   BTSE	Cardano (ADA)	0.36 APY
   Coinbase	Cardano (ADA)	0.36 APY

   View all 73 prices

2. 2. Select a Cardano lending platform

   Once you have ADA, you'll need to select a Cardano lending platform to lend your tokens. You can explore several options available in the market here.

   Platform	Coin	APY
   Nexo	Cardano (ADA)	Up to 8% APY
   YouHodler	Cardano (ADA)	Up to 12% APY
   Bitget	Cardano (ADA)	Up to 1.8% APY
   Blockchain.com	Cardano (ADA)	Up to 1% APY

   View all 12 loan interest rates

3. 3. Earn Cardano

   Once you've selected a platform to earn your Cardano, transfer your Cardano into your wallet on the earning platform. After the deposit is completed, it will begin to accrue interest. Some platforms offer interest payments daily, while others may do so weekly or monthly.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Be sure to choose a platform that offers compounding interest to maximize your returns.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks