How to Lend Bitcoin Cash (BCH): A Step-by-Step Guide for the UK

Introduction

Lending Bitcoin Cash can be an excellent option for those who wish to hold BCH 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 Bitcoin Cash (BCH) Tokens
To lend Bitcoin Cash, you need to possess it. To obtain Bitcoin Cash, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Nexo Bitcoin Cash (BCH) 592.7
PrimeXBT Bitcoin Cash (BCH) 590.63
EarnPark Bitcoin Cash (BCH) 593.27
YouHodler Bitcoin Cash (BCH) 591.08
Binance Bitcoin Cash (BCH) 591.1
OKX Bitcoin Cash (BCH) 593.3
View all 57 prices

Platform	Coin	Price
Nexo	Bitcoin Cash (BCH)	592.7
PrimeXBT	Bitcoin Cash (BCH)	590.63
EarnPark	Bitcoin Cash (BCH)	593.27
YouHodler	Bitcoin Cash (BCH)	591.08
Binance	Bitcoin Cash (BCH)	591.1
OKX	Bitcoin Cash (BCH)	593.3

2. Choose a Bitcoin Cash Lender in the UK

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

Platform	Coin	AER
Nexo	Bitcoin Cash (BCH)	Up to 11% AER
Nebeus	Bitcoin Cash (BCH)	Up to 4.5% AER
EarnPark	Bitcoin Cash (BCH)	Up to 5% AER
YouHodler	Bitcoin Cash (BCH)	Up to 12% AER
Blockchain.com	Bitcoin Cash (BCH)	Up to 2% AER

View all 14 loan rates

3. Lend Your Bitcoin Cash
Once you've chosen a platform to lend your Bitcoin Cash, transfer your Bitcoin Cash 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.

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.