How to Lend Zcash (ZEC)

Introduction

Lending Zcash can be a great option for those who want to hold ZEC 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 Zcash (ZEC) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Zcash (ZEC)	382,59
   Binance	Zcash (ZEC)	382,83
   Coinbase	Zcash (ZEC)	382,65
   Kraken	Zcash (ZEC)	382,51
   Azbit	Zcash (ZEC)	383,58
   Bitfinex	Zcash (ZEC)	382,91

   See all 35 prices

2. 2. Choose a Zcash Lender

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

   Platform	Coin	Interest rate
   Gemini	Zcash (ZEC)	Up to 0,01% APY
   Kucoin	Zcash (ZEC)	Up to 0,28% APY

   See all 4 lending rates

3. 3. Lend Your Zcash

   Once you’ve chosen a platform to lending your Zcash, transfer your Zcash 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.