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Lending Blok Token can be an excellent option for those who wish to hold BLOK while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.
To lend Blok Token, you need to possess it. To obtain Blok Token, you'll need to purchase it. You can choose from these popular exchanges in the UK.
| Platform | Coin | Price |
|---|---|---|
| BingX | Blok Token (BLOK) | 0.0000813 |
| Bitget | Blok Token (BLOK) | 0.000451 |
| Bitmart | Blok Token (BLOK) | 0.0002306 |
| CoinEx | Blok Token (BLOK) | 0.00008232 |
| Kucoin | Blok Token (BLOK) | 0.0000827 |
| MEXC Global | Blok Token (BLOK) | 0.00008218 |
Once you have BLOK, you'll need to choose a Blok Token lending platform to lend your tokens. You can see some options here.
| Platform | Coin | AER |
|---|---|---|
| Kucoin | Blok Token (BLOK) | Up to 0.5% AER |
Once you've selected a platform to earn your Blok Token, transfer your Blok Token into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.
Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
