How to Lend Starknet (STRK): A Step-by-Step Guide for German Investors

Introduction

Lending Starknet can be an excellent choice for those looking to hold STRK 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. Acquire Starknet (STRK) Tokens

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

Plattform	Kryptowährung	Price
PrimeXBT	Starknet (STRK)	0,08 APY
YouHodler	Starknet (STRK)	0,08 APY
Binance	Starknet (STRK)	0,08 APY
BTSE	Starknet (STRK)	0,08 APY
Coinbase	Starknet (STRK)	0,08 APY
Kraken	Starknet (STRK)	0,08 APY

View all 60 prices

2. Select a Starknet provider
Once you have STRK, you'll need to select a Starknet lending platform to lend your tokens. You can explore some options here.
Plattform Kryptowährung APY
YouHodler Starknet (STRK) Up to 16 % APY
Kucoin Starknet (STRK) Up to 0,5 % APY
View all 4 lending APY rates
3. Lend Your Starknet in Germany
Once you've selected a platform to lend your Starknet, transfer your Starknet 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. 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.

Plattform	Kryptowährung	APY
YouHodler	Starknet (STRK)	Up to 16 % APY
Kucoin	Starknet (STRK)	Up to 0,5 % APY

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.