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Introduction

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

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

   Platform	Coin	Price
   Nexo	Polkadot (DOT)	1.77
   PrimeXBT	Polkadot (DOT)	1.77
   EarnPark	Polkadot (DOT)	1.77
   YouHodler	Polkadot (DOT)	1.77
   Binance	Polkadot (DOT)	1.77
   BTSE	Polkadot (DOT)	1.77

   View all 67 prices

2. 2. Choose a Polkadot Lender in the UK

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

   Platform	Coin	AER
   Nexo	Polkadot (DOT)	Up to 15% AER
   EarnPark	Polkadot (DOT)	Up to 5.5% AER
   YouHodler	Polkadot (DOT)	Up to 16% AER
   Bitget	Polkadot (DOT)	Up to 8.6% AER
   Blockchain.com	Polkadot (DOT)	Up to 5% AER

   View all 16 loan rates

3. 3. Earn Polkadot

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