How to Lend Internet Computer (ICP)

Introduction

Lending Internet Computer can be an excellent choice for those looking to hold ICP 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 Internet Computer (ICP) Tokens

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

   Plattform	Kryptowährung	Price
   PrimeXBT	Internet Computer (ICP)	3,16 APY
   YouHodler	Internet Computer (ICP)	3,16 APY
   Binance	Internet Computer (ICP)	3,17 APY
   Coinbase	Internet Computer (ICP)	3,16 APY
   Kraken	Internet Computer (ICP)	3,16 APY
   OKX	Internet Computer (ICP)	5,15 APY

   View all 54 prices

2. 2. Select a Internet Computer provider

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

   Plattform	Kryptowährung	APY
   Kucoin	Internet Computer (ICP)	Up to 0,5 % APY

3. 3. Lend Your Internet Computer in Germany

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