How to Lend Stellar (XLM)

Introduction

Lending Stellar can be an excellent choice for those looking to hold XLM 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 Stellar (XLM) Tokens

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

   Plattform	Kryptowährung	Price
   Nexo	Stellar (XLM)	0,23 APY
   PrimeXBT	Stellar (XLM)	0,22 APY
   EarnPark	Stellar (XLM)	0,22 APY
   YouHodler	Stellar (XLM)	0,22 APY
   Binance	Stellar (XLM)	0,22 APY
   Coinbase	Stellar (XLM)	0,22 APY

   View all 70 prices

2. 2. Select a Stellar provider

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

   Plattform	Kryptowährung	APY
   Nexo	Stellar (XLM)	Up to 8 % APY
   Nebeus	Stellar (XLM)	Up to 4,5 % APY
   EarnPark	Stellar (XLM)	Up to 8 % APY
   YouHodler	Stellar (XLM)	Up to 12 % APY
   Blockchain.com	Stellar (XLM)	Up to 1 % APY

   View all 12 lending APY rates

3. 3. Lend Your Stellar in Germany

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