How to Lend API3 (API3) in the UK

Introduction

Lending API3 can be an excellent option for those who wish to hold API3 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 API3 (API3) Tokens

   To lend API3, you need to possess it. To obtain API3, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Binance	API3 (API3)	0.43
   Coinbase	API3 (API3)	0.43
   Kraken	API3 (API3)	0.43
   OKX	API3 (API3)	1.22
   Uphold	API3 (API3)	0.74
   Bake	API3 (API3)	0.44

   View all 44 prices

2. 2. Choose a API3 Lender in the UK

   Once you have API3, you'll need to choose a API3 lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   Kucoin	API3 (API3)	Up to 0.5% AER

3. 3. Lend Your API3

   Once you've chosen a platform to lend your API3, transfer your API3 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.