Introduction
Lending Cosmos Hub can be an excellent option for those who wish to hold ATOM 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 Cosmos Hub (ATOM) Tokens
To lend Cosmos Hub, you need to possess it. To obtain Cosmos Hub, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 69 pricesPlatform Coin Price Nexo Cosmos Hub (ATOM) 1.94 PrimeXBT Cosmos Hub (ATOM) 1.94 YouHodler Cosmos Hub (ATOM) 1.94 Binance Cosmos Hub (ATOM) 1.94 BTSE Cosmos Hub (ATOM) 1.94 Coinbase Cosmos Hub (ATOM) 1.94 2. Choose a Cosmos Hub Lender in the UK
Once you have ATOM, you'll need to choose a Cosmos Hub lending platform to lend your tokens. You can see some options here.
View all 11 loan ratesPlatform Coin AER Nexo Cosmos Hub (ATOM) Up to 11% AER YouHodler Cosmos Hub (ATOM) Up to 16% AER Bitget Cosmos Hub (ATOM) Up to 9% AER Coinbase Cosmos Hub (ATOM) Up to 14.04% AER 3. Earn Cosmos Hub
Once you've selected a platform to earn your Cosmos Hub, transfer your Cosmos Hub 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.
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.
Latest Movements in the UK
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- Market capitalisation
- US$2.52B
- 24-hour volume
- US$184.61M
- Circulating supply
- 390.69M ATOM
