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Introduction

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

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

   Platform	Coin	Price
   PrimeXBT	Zcash (ZEC)	527
   Binance	Zcash (ZEC)	527.11
   Coinbase	Zcash (ZEC)	526.71
   Kraken	Zcash (ZEC)	528.47
   Azbit	Zcash (ZEC)	528.51
   Bitfinex	Zcash (ZEC)	527.43

   View all 35 prices

2. 2. Choose a Zcash Lender in the UK

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

   Platform	Coin	AER
   Gemini	Zcash (ZEC)	Up to 0.01% AER
   Kucoin	Zcash (ZEC)	Up to 0.28% AER

   View all 4 loan rates

3. 3. Earn Zcash

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