Introduction
Lending DigiByte can be an excellent option for those who wish to hold DGB 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 DigiByte (DGB) Tokens
To lend DigiByte, you need to possess it. To obtain DigiByte, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 29 pricesPlatform Coin Price Binance DigiByte (DGB) 0.01 OKX DigiByte (DGB) 0.01 Uphold DigiByte (DGB) 0.01 BingX DigiByte (DGB) 0.01 Bitmart DigiByte (DGB) 0.01 Bitpanda DigiByte (DGB) 0.01 2. Choose a DigiByte Lender in the UK
Once you have DGB, you'll need to choose a DigiByte lending platform to lend your tokens. You can see some options here.
Platform Coin AER Kucoin DigiByte (DGB) Up to 0.5% AER 3. Earn DigiByte
Once you've selected a platform to earn your DigiByte, transfer your DigiByte 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
DigiByte (DGB) is currently priced at US$0.5 with a 24-hour trading volume of US$5.92M. The market cap of DigiByte stands at US$213.26M, with 17.47B DGB in circulation. For those looking to purchase or trade DigiByte, Kucoin offers avenues to do so securely and efficiently
- Market capitalisation
- US$213.26M
- 24-hour volume
- US$5.92M
- Circulating supply
- 17.47B DGB