How to Lend Bitcoin (BTC): A Step-by-Step Guide

Introduction

Lending Bitcoin can be a great option for those who want to hold BTC 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. Obtain Bitcoin (BTC) Tokens
In order to lend Bitcoin, you need to have it. To obtain Bitcoin, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Bitcoin (BTC) 84,659.87
PrimeXBT Bitcoin (BTC) 84,583.8
Uphold Bitcoin (BTC) 84,624.27
EarnPark Bitcoin (BTC) 84,807.45
Kraken Bitcoin (BTC) 84,637.8
OKX Bitcoin (BTC) 84,672.4
See all 80 prices

Platform	Coin	Price
Nexo	Bitcoin (BTC)	84,659.87
PrimeXBT	Bitcoin (BTC)	84,583.8
Uphold	Bitcoin (BTC)	84,624.27
EarnPark	Bitcoin (BTC)	84,807.45
Kraken	Bitcoin (BTC)	84,637.8
OKX	Bitcoin (BTC)	84,672.4

2. Choose a Bitcoin Lender

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

Platform	Coin	Interest rate
Nexo	Bitcoin (BTC)	Up to 7 APY
YouHodler	Bitcoin (BTC)	Up to 12 APY
EarnPark	Bitcoin (BTC)	Up to 15 APY
Nebeus	Bitcoin (BTC)	Up to 4.5 APY
Neverless	Bitcoin (BTC)	Up to 7.25 APY
Aave	Bitcoin (BTC)	Up to 0.01 APY

See all 26 lending rates

3. Lend Your Bitcoin
Once you’ve chosen a platform to lending your Bitcoin, transfer your Bitcoin into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
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 maximise your returns.

What to be Aware of

Lending 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 their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

Bitcoin (BTC) is currently priced at $6 with a 24-hour trading volume of $62.65B. The market cap of Bitcoin stands at $1.85T, with 19.81M BTC in circulation. For those looking to buy or trade Bitcoin, Nexo offers avenues to do so securely and efficiently}

Market cap: $1.85T
24h volume: $62.65B
Circulating supply: 19.81M BTC

See latest information

Frequently Asked Questions About Lending Bitcoin (BTC)

What are Bitcoin lending rates?: Bitcoin lending rates are the interest rates you earn or pay when lending or borrowing Bitcoin on various platforms. Rates fluctuate frequently, influenced by market demand and supply.
How can I find the best Bitcoin lending rates?: Use Bitcompare for real-time price comparisons of Bitcoin lending rates across reputable platforms. Regularly check and bookmark the site for updated data, including sentiment analysis and news.
Do lending rates vary across different platforms?: Yes, Bitcoin lending rates can vary significantly between platforms. Bitcompare helps you compare these rates easily in real-time, helping you stay informed on the best available options.
Why do Bitcoin lending rates fluctuate?: Lending rates are affected by factors such as liquidity, market demand, and supply. Stay informed using Bitcompare's tools like sentiment analysis and news updates to understand market dynamics.
Can I receive alerts for changes in Bitcoin lending rates?: Yes, Bitcompare offers email alerts for changes in Bitcoin lending rates. Enable alerts to stay updated on rate fluctuations and make timely decisions in the evolving crypto market.
Is there a platform where I can compare crypto lending options?: Bitcompare is a trusted platform for comparing crypto lending options. It provides price comparisons, lending rate updates, and market sentiment analysis to help you stay informed.
How often should I check Bitcoin lending rates?: Given the dynamic nature of cryptocurrency markets, frequently check rates using Bitcompare. Bookmark the page and regularly visit it to ensure you are informed and make informed decisions.