How to Lend Ethereum (ETH) in the cryptocurrency market

Introduction

Lending Ethereum can be an excellent choice for individuals looking to hold ETH 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 Ethereum (ETH) Tokens

   To lend Ethereum, you must first possess it. To acquire Ethereum, 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	Ethereum (ETH)	2,941 APY
   PrimeXBT	Ethereum (ETH)	2,940.11 APY
   EarnPark	Ethereum (ETH)	2,940.32 APY
   YouHodler	Ethereum (ETH)	2,938.96 APY
   Binance	Ethereum (ETH)	2,940.99 APY
   BTSE	Ethereum (ETH)	2,940.67 APY

   View all 82 prices

2. 2. Select a Ethereum lending platform

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

   Platform	Coin	APY
   Nexo	Ethereum (ETH)	Up to 8% APY
   Nebeus	Ethereum (ETH)	Up to 4.5% APY
   EarnPark	Ethereum (ETH)	Up to 5% APY
   YouHodler	Ethereum (ETH)	Up to 12% APY
   Aave	Ethereum (ETH)	Up to 0.42% APY
   AQRU	Ethereum (ETH)	Up to 3% APY

   View all 30 loan interest rates

3. 3. Lend Your Ethereum for attractive APY returns

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