How to Lend DigiByte (DGB) in the UK

Introduction

Lending DigiByte can be an excellent option for those who wish to hold DGB 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 DigiByte (DGB) Tokens

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

   Platform	Coin	Price
   Binance	DigiByte (DGB)	0.01
   OKX	DigiByte (DGB)	0.01
   Uphold	DigiByte (DGB)	0.01
   BingX	DigiByte (DGB)	0.01
   Bitmart	DigiByte (DGB)	0.01
   Bitpanda	DigiByte (DGB)	0.01

   View all 29 prices

2. 2. Choose a DigiByte Lender in the UK

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

   Platform	Coin	AER
   Kucoin	DigiByte (DGB)	Up to 0.5% AER

3. 3. Lend Your DigiByte

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