How to Lend 1inch (1INCH): A Step-by-Step Guide for 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. 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. 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. 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. 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.

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

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

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.