Introduction

Lending Decred can be an excellent option for those who wish to hold DCR 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. 1. Obtain Decred (DCR) Tokens

   To lend Decred, you need to possess it. To obtain Decred, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Binance	Decred (DCR)	16.6
   Uphold	Decred (DCR)	15.2
   BingX	Decred (DCR)	16.53
   Bitpanda	Decred (DCR)	16.05
   CoinEx	Decred (DCR)	16.62
   Gate.io	Decred (DCR)	16.62

   View all 17 prices

2. 2. Choose a Decred Lender in the UK

   Once you have DCR, you'll need to choose a Decred lending platform to lend your tokens. You can see some options here.

3. 3. Earn Decred

   Once you've selected a platform to earn your Decred, transfer your Decred 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. 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.