How to Lend Cardano (ADA) in the UK

Introduction

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

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

   Platform	Coin	Price
   Nexo	Cardano (ADA)	0.37
   PrimeXBT	Cardano (ADA)	0.37
   YouHodler	Cardano (ADA)	0.37
   Binance	Cardano (ADA)	0.37
   BTSE	Cardano (ADA)	0.37
   Coinbase	Cardano (ADA)	0.37

   View all 73 prices

2. 2. Choose a Cardano Lender in the UK

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

   Platform	Coin	AER
   Nexo	Cardano (ADA)	Up to 8% AER
   YouHodler	Cardano (ADA)	Up to 12% AER
   Bitget	Cardano (ADA)	Up to 1.8% AER
   Blockchain.com	Cardano (ADA)	Up to 1% AER

   View all 12 loan rates

3. 3. Lend Your Cardano

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