missing en-gb translation: how-to.verb.earn.hero.heading

Introduction

Lending Hifi Finance can be an excellent option for those who wish to hold HIFI 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 Hifi Finance (HIFI) Tokens

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

   Platform	Coin	Price
   Binance	Hifi Finance (HIFI)	0.13
   BingX	Hifi Finance (HIFI)	0.41
   Bitget	Hifi Finance (HIFI)	0.16
   Bitmart	Hifi Finance (HIFI)	0.17
   Bitpanda	Hifi Finance (HIFI)	0.75
   Bybit	Hifi Finance (HIFI)	0.05

   View all 29 prices

2. 2. Choose a Hifi Finance Lender in the UK

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

   Platform	Coin	AER
   Kucoin	Hifi Finance (HIFI)	Up to 0.5% AER

3. 3. Earn Hifi Finance

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