How to Earn Cardano (ADA): A Comprehensive Guide for the UK

Introduction

Lending Cardano can be an excellent option for those who wish to hold ADA 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.

Step-by-Step Guide

1. Obtain Cardano (ADA) Tokens
To lend Cardano, you need to possess it. To obtain Cardano, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Nexo Cardano (ADA) 0.36
PrimeXBT Cardano (ADA) 0.36
YouHodler Cardano (ADA) 0.36
Binance Cardano (ADA) 0.36
BTSE Cardano (ADA) 0.36
Coinbase Cardano (ADA) 0.36
View all 73 prices
2. Choose a Cardano Lender in the UK
Once you have ADA, you'll need to choose a Cardano lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Nexo Cardano (ADA) Up to 8% AER
YouHodler Cardano (ADA) Up to 12% AER
Bitget Cardano (ADA) Up to 1.8% AER
Blockchain.com Cardano (ADA) Up to 1% AER
View all 12 loan rates
3. Earn Cardano
Once you've selected a platform to earn your Cardano, transfer your Cardano 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.
4. Earn AER
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.

Platform	Coin	Price
Nexo	Cardano (ADA)	0.36
PrimeXBT	Cardano (ADA)	0.36
YouHodler	Cardano (ADA)	0.36
Binance	Cardano (ADA)	0.36
BTSE	Cardano (ADA)	0.36
Coinbase	Cardano (ADA)	0.36

Platform	Coin	AER
Nexo	Cardano (ADA)	Up to 8% AER
YouHodler	Cardano (ADA)	Up to 12% AER
Bitget	Cardano (ADA)	Up to 1.8% AER
Blockchain.com	Cardano (ADA)	Up to 1% AER

What to Be Aware Of

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.