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Introduction

Lending Ethereum Classic can be an excellent option for those who wish to hold ETC 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 Ethereum Classic (ETC) Tokens

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

   Platform	Coin	Price
   Nexo	Ethereum Classic (ETC)	11.87
   PrimeXBT	Ethereum Classic (ETC)	11.86
   Binance	Ethereum Classic (ETC)	11.87
   Coinbase	Ethereum Classic (ETC)	11.86
   Kraken	Ethereum Classic (ETC)	11.87
   OKX	Ethereum Classic (ETC)	20.9

   View all 54 prices

2. 2. Choose a Ethereum Classic Lender in the UK

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

   Platform	Coin	AER
   Blockchain.com	Ethereum Classic (ETC)	Up to 1% AER
   Kucoin	Ethereum Classic (ETC)	Up to 0.19% AER

   View all 4 loan rates

3. 3. Earn Ethereum Classic

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