How to Lend Cardano (ADA) in the cryptocurrency market

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)	0.35 APY
   PrimeXBT	Cardano (ADA)	0.35 APY
   YouHodler	Cardano (ADA)	0.35 APY
   Binance	Cardano (ADA)	0.35 APY
   BTSE	Cardano (ADA)	0.35 APY
   Coinbase	Cardano (ADA)	0.35 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. Lend Your Cardano for attractive APY returns

   After selecting a platform to lend your Cardano, transfer your Cardano 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