How to Lend Illuvium (ILV)

Introduction

Lending Illuvium can be an excellent choice for those looking to hold ILV 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 Illuvium (ILV) Tokens

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

   Plattform	Kryptowährung	Price
   YouHodler	Illuvium (ILV)	5,73 APY
   Binance	Illuvium (ILV)	5,74 APY
   BTSE	Illuvium (ILV)	5,74 APY
   Coinbase	Illuvium (ILV)	5,72 APY
   OKX	Illuvium (ILV)	5,96 APY
   Uphold	Illuvium (ILV)	13,27 APY

   View all 45 prices

2. 2. Select a Illuvium provider

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

   Plattform	Kryptowährung	APY
   YouHodler	Illuvium (ILV)	Up to 12 % APY
   Kucoin	Illuvium (ILV)	Up to 0,5 % APY

   View all 4 lending APY rates

3. 3. Lend Your Illuvium in Germany

   Once you've selected a platform to lend your Illuvium, transfer your Illuvium 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.