How to Lend BitTorrent (BTT) in the UK

Introduction

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

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

   Platform	Coin	Price
   Kraken	BitTorrent (BTT)	0
   OKX	BitTorrent (BTT)	0
   Azbit	BitTorrent (BTT)	0
   Bake	BitTorrent (BTT)	0
   BingX	BitTorrent (BTT)	0
   Bitfinex	BitTorrent (BTT)	0

   View all 34 prices

2. 2. Choose a BitTorrent Lender in the UK

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

   Platform	Coin	AER
   Kucoin	BitTorrent (BTT)	Up to 0.5% AER

3. 3. Lend Your BitTorrent

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