How to Lend Bittensor (TAO): A Step-by-Step Guide for the UK

Introduction

Lending Bittensor can be an excellent option for those who wish to hold TAO 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 Bittensor (TAO) Tokens
To lend Bittensor, you need to possess it. To obtain Bittensor, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
PrimeXBT Bittensor (TAO) 286.81
Binance Bittensor (TAO) 287.1
Coinbase Bittensor (TAO) 286.89
Uphold Bittensor (TAO) 393.44
Bake Bittensor (TAO) 287.17
BingX Bittensor (TAO) 287.1
View all 33 prices
2. Choose a Bittensor Lender in the UK
Once you have TAO, you'll need to choose a Bittensor lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Bitget Bittensor (TAO) Up to 0.3% AER
Coinbase Bittensor (TAO) Up to 18.22% AER
3. Lend Your Bittensor
Once you've chosen a platform to lend your Bittensor, transfer your Bittensor 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
PrimeXBT	Bittensor (TAO)	286.81
Binance	Bittensor (TAO)	287.1
Coinbase	Bittensor (TAO)	286.89
Uphold	Bittensor (TAO)	393.44
Bake	Bittensor (TAO)	287.17
BingX	Bittensor (TAO)	287.1

Platform	Coin	AER
Bitget	Bittensor (TAO)	Up to 0.3% AER
Coinbase	Bittensor (TAO)	Up to 18.22% 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.