How to Lend Wrapped Bitcoin (WBTC) in the cryptocurrency market

Introduction

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

   To lend Wrapped Bitcoin, you must first possess it. To acquire Wrapped 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
   Binance	Wrapped Bitcoin (WBTC)	87,396.92 APY
   Kraken	Wrapped Bitcoin (WBTC)	86,763 APY
   OKX	Wrapped Bitcoin (WBTC)	114,676.9 APY
   BingX	Wrapped Bitcoin (WBTC)	87,422.03 APY
   Bitget	Wrapped Bitcoin (WBTC)	87,419.9 APY
   Bitmart	Wrapped Bitcoin (WBTC)	87,396.93 APY

   View all 20 prices

2. 2. Select a Wrapped Bitcoin lending platform

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

   Platform	Coin	APY
   Aave	Wrapped Bitcoin (WBTC)	Up to 0.02% APY
   Bitget	Wrapped Bitcoin (WBTC)	Up to 1.3% APY
   Compound	Wrapped Bitcoin (WBTC)	Up to 0.19% APY
   Klink	Wrapped Bitcoin (WBTC)	Up to 4% APY

   View all 15 loan interest rates

3. 3. Lend Your Wrapped Bitcoin for attractive APY returns

   After selecting a platform to lend your Wrapped Bitcoin, transfer your Wrapped 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