How to Lend Cardano (ADA)

Introduction

Lending Cardano can be an excellent choice for those looking to hold ADA while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Cardano (ADA) Tokens

   To lend Cardano, you first need to possess it. To acquire Cardano, you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   Nexo	Cardano (ADA)	0,38 APY
   PrimeXBT	Cardano (ADA)	0,38 APY
   YouHodler	Cardano (ADA)	0,38 APY
   Binance	Cardano (ADA)	0,38 APY
   BTSE	Cardano (ADA)	0,38 APY
   Coinbase	Cardano (ADA)	0,38 APY

   View all 73 prices

2. 2. Select a Cardano provider

   Once you have ADA, you'll need to select a Cardano lending platform to lend your tokens. You can explore some options here.

   Plattform	Kryptowährung	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 lending APY rates

3. 3. Lend Your Cardano in Germany

   Once you've selected a platform to lend your Cardano, transfer your Cardano into your wallet on the lending platform. Once it's deposited, it will begin to accrue APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform offers compounding interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.