How to Lend Wrapped Bitcoin (WBTC)

Introduction

Lending Wrapped Bitcoin can be an excellent choice for those looking to hold WBTC 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 Wrapped Bitcoin (WBTC) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Wrapped Bitcoin (WBTC)	87.531,2 APY
   Kraken	Wrapped Bitcoin (WBTC)	87.065,3 APY
   OKX	Wrapped Bitcoin (WBTC)	114.676,9 APY
   BingX	Wrapped Bitcoin (WBTC)	87.543,6 APY
   Bitget	Wrapped Bitcoin (WBTC)	87.612,1 APY
   Bitmart	Wrapped Bitcoin (WBTC)	87.582,62 APY

   View all 20 prices

2. 2. Select a Wrapped Bitcoin provider

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

   Plattform	Kryptowährung	APY
   Aave	Wrapped Bitcoin (WBTC)	Up to 0,01 % APY
   Bitget	Wrapped Bitcoin (WBTC)	Up to 1,3 % APY
   Compound	Wrapped Bitcoin (WBTC)	Up to 0,00001679 % APY
   Klink	Wrapped Bitcoin (WBTC)	Up to 4 % APY

   View all 15 lending APY rates

3. 3. Lend Your Wrapped Bitcoin in Germany

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