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

Introduction

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

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

   Platform	Coin	Price
   EarnPark	IOST (IOST)	0.01
   Binance	IOST (IOST)	0
   OKX	IOST (IOST)	0
   BingX	IOST (IOST)	0
   Bitget	IOST (IOST)	0
   Bitmart	IOST (IOST)	0

   View all 35 prices

2. 2. Choose a IOST Lender in the UK

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

   Platform	Coin	AER
   EarnPark	IOST (IOST)	Up to 10% AER
   Kucoin	IOST (IOST)	Up to 0.5% AER

3. 3. Earn IOST

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