How to Lend Bitcoin (BTC) in the cryptocurrency market

Introduction

Lending Bitcoin can be an excellent choice for individuals looking to hold BTC 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 Bitcoin (BTC) Tokens

   To lend Bitcoin, you must first possess it. To acquire Bitcoin, 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	Bitcoin (BTC)	88,233.01 APY
   PrimeXBT	Bitcoin (BTC)	88,230.1 APY
   EarnPark	Bitcoin (BTC)	88,176.88 APY
   YouHodler	Bitcoin (BTC)	88,207.56 APY
   Binance	Bitcoin (BTC)	88,277.3 APY
   BTSE	Bitcoin (BTC)	88,236.9 APY

   View all 80 prices

2. 2. Select a Bitcoin lending platform

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

   Platform	Coin	APY
   Nexo	Bitcoin (BTC)	Up to 7% APY
   Nebeus	Bitcoin (BTC)	Up to 4.5% APY
   EarnPark	Bitcoin (BTC)	Up to 15% APY
   YouHodler	Bitcoin (BTC)	Up to 12% APY
   Neverless	Bitcoin (BTC)	Up to 7.25% APY

   View all 26 loan interest rates

3. 3. Lend Your Bitcoin for attractive APY returns

   After selecting a platform to lend your Bitcoin, transfer your Bitcoin into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

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 higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks