Where and How to Earn Chainlink (LINK)

Introduction

Lending Chainlink can be an excellent choice for individuals looking to hold LINK 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 Chainlink (LINK) Tokens

   To lend Chainlink, you must first possess it. To acquire Chainlink, 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	Chainlink (LINK)	12.32 APY
   PrimeXBT	Chainlink (LINK)	12.28 APY
   YouHodler	Chainlink (LINK)	12.28 APY
   Binance	Chainlink (LINK)	12.29 APY
   BTSE	Chainlink (LINK)	12.28 APY

   View all 73 prices

2. 2. Select a Chainlink lending platform

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

   Platform	Coin	APY
   Nexo	Chainlink (LINK)	Up to 7% APY
   EarnPark	Chainlink (LINK)	Up to 5% APY
   YouHodler	Chainlink (LINK)	Up to 12% APY
   Aave	Chainlink (LINK)	Up to 0.03% APY

   View all 19 loan interest rates

3. 3. Earn Chainlink

   Once you've selected a platform to earn your Chainlink, transfer your Chainlink 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