How to Lend Dogecoin (DOGE) in the UK

Introduction

Lending Dogecoin can be an excellent option for those who wish to hold DOGE 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 Dogecoin (DOGE) Tokens

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

   Platform	Coin	Price
   Nexo	Dogecoin (DOGE)	0.12
   PrimeXBT	Dogecoin (DOGE)	0.12
   EarnPark	Dogecoin (DOGE)	0.12
   YouHodler	Dogecoin (DOGE)	0.12
   Binance	Dogecoin (DOGE)	0.12
   BTSE	Dogecoin (DOGE)	0.12

   View all 67 prices

2. 2. Choose a Dogecoin Lender in the UK

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

   Platform	Coin	AER
   Nexo	Dogecoin (DOGE)	Up to 3% AER
   EarnPark	Dogecoin (DOGE)	Up to 7% AER
   YouHodler	Dogecoin (DOGE)	Up to 12% AER
   Bitget	Dogecoin (DOGE)	Up to 2% AER
   Blockchain.com	Dogecoin (DOGE)	Up to 1% AER

   View all 14 loan rates

3. 3. Lend Your Dogecoin

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