Where and How to Lend Amp (AMP)

Introduction

Lending Amp can be a great option for those who want to hold AMP but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Amp (AMP) Tokens

   To lend Amp, you need to have it. To acquire Amp, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Amp (AMP)	0
   Binance	Amp (AMP)	0
   Coinbase	Amp (AMP)	0
   Bitget	Amp (AMP)	0
   Bitmart	Amp (AMP)	0
   Gate.io	Amp (AMP)	0

   See all 26 prices

2. 2. Choose a Amp Lender

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

   Platform	Coin	Interest rate
   Gemini	Amp (AMP)	Up to 0.01 AER

3. 3. Lend Your Amp

   Once you’ve chosen a platform to lend your Amp, transfer your Amp into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.