How to Lend ApeCoin (APE) in the UK

Introduction

Lending ApeCoin can be an excellent option for those who wish to hold APE 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 ApeCoin (APE) Tokens

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

   Platform	Coin	Price
   Nexo	ApeCoin (APE)	0.2
   PrimeXBT	ApeCoin (APE)	0.2
   Uphold	ApeCoin (APE)	0.7
   Bake	ApeCoin (APE)	0.2
   BingX	ApeCoin (APE)	0.2
   Bitfinex	ApeCoin (APE)	0.2

   View all 36 prices

2. 2. Choose a ApeCoin Lender in the UK

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

   Platform	Coin	AER
   Nexo	ApeCoin (APE)	Up to 9% AER
   Bitget	ApeCoin (APE)	Up to 12% AER
   Blockchain.com	ApeCoin (APE)	Up to 1% AER
   Gemini	ApeCoin (APE)	Up to 0.01% AER

   View all 6 loan rates

3. 3. Lend Your ApeCoin

   Once you've chosen a platform to lend your ApeCoin, transfer your ApeCoin 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.