Introduction

Lending FYDcoin can be an excellent option for those who wish to hold FYD 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 FYDcoin (FYD) Tokens

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

2. 2. Choose a FYDcoin Lender in the UK

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

3. 3. Earn FYDcoin

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