How to Lend Chainlink (LINK): A Step-by-Step Guide for the UK

Introduction

Lending Chainlink can be an excellent option for those who wish to hold LINK 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 Chainlink (LINK) Tokens
To lend Chainlink, you need to possess it. To obtain Chainlink, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Nexo Chainlink (LINK) 12.59
PrimeXBT Chainlink (LINK) 12.55
YouHodler Chainlink (LINK) 12.55
Binance Chainlink (LINK) 12.56
BTSE Chainlink (LINK) 12.49
View all 73 prices
2. Choose a Chainlink Lender in the UK
Once you have LINK, you'll need to choose a Chainlink lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Nexo Chainlink (LINK) Up to 7% AER
EarnPark Chainlink (LINK) Up to 5% AER
YouHodler Chainlink (LINK) Up to 12% AER
Aave Chainlink (LINK) Up to 0.03% AER
View all 19 loan rates
3. Lend Your Chainlink
Once you've chosen a platform to lend your Chainlink, transfer your Chainlink 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
Nexo	Chainlink (LINK)	12.59
PrimeXBT	Chainlink (LINK)	12.55
YouHodler	Chainlink (LINK)	12.55
Binance	Chainlink (LINK)	12.56
BTSE	Chainlink (LINK)	12.49

Platform	Coin	AER
Nexo	Chainlink (LINK)	Up to 7% AER
EarnPark	Chainlink (LINK)	Up to 5% AER
YouHodler	Chainlink (LINK)	Up to 12% AER
Aave	Chainlink (LINK)	Up to 0.03% 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.