How to Lend 1inch (1INCH) in the UK

Introduction

Lending 1inch can be an excellent option for those who wish to hold 1INCH 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 1inch (1INCH) Tokens

   To lend 1inch, you need to possess it. To obtain 1inch, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Nexo	1inch (1INCH)	0.15
   PrimeXBT	1inch (1INCH)	0.15
   YouHodler	1inch (1INCH)	0.15
   Binance	1inch (1INCH)	0.15
   BTSE	1inch (1INCH)	0.15
   Coinbase	1inch (1INCH)	0.15

   View all 61 prices

2. 2. Choose a 1inch Lender in the UK

   Once you have 1INCH, you'll need to choose a 1inch lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   Nebeus	1inch (1INCH)	Up to 13% AER
   YouHodler	1inch (1INCH)	Up to 12% AER
   Aave	1inch (1INCH)	Up to 0.09% AER

   View all 9 loan rates

3. 3. Lend Your 1inch

   Once you've chosen a platform to lend your 1inch, transfer your 1inch into your wallet on the lending platform. Once it's deposited, it will start earning 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 interest. The more you deposit, the more interest you can earn. Try to ensure your lending 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.