How to Lend Litecoin (LTC)

Introduction

Lending Litecoin can be a great option for those who want to hold LTC but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Litecoin (LTC) Tokens

   In order to lend Litecoin, you need to have it. To obtain Litecoin, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Litecoin (LTC)	78,64
   PrimeXBT	Litecoin (LTC)	78,54
   YouHodler	Litecoin (LTC)	78,48
   Binance	Litecoin (LTC)	78,59
   BTSE	Litecoin (LTC)	78,55
   Kraken	Litecoin (LTC)	78,5

   See all 61 prices

2. 2. Choose a Litecoin Lender

   Once you have LTC, you’ll need to choose a Litecoin lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	Litecoin (LTC)	Up to 8% APY
   Nebeus	Litecoin (LTC)	Up to 4,5% APY
   YouHodler	Litecoin (LTC)	Up to 16% APY
   Bitget	Litecoin (LTC)	Up to 0,3% APY
   Blockchain.com	Litecoin (LTC)	Up to 1% APY

   See all 11 lending rates

3. 3. Lend Your Litecoin

   Once you’ve chosen a platform to lending your Litecoin, transfer your Litecoin into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.