How to Lend Ether.fi (ETHFI): A Step-by-Step Guide for the UK

Introduction

Lending Ether.fi can be an excellent option for those who wish to hold ETHFI 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 Ether.fi (ETHFI) Tokens
To lend Ether.fi, you need to possess it. To obtain Ether.fi, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
PrimeXBT Ether.fi (ETHFI) 0.7
Binance Ether.fi (ETHFI) 0.7
BTSE Ether.fi (ETHFI) 0.7
Coinbase Ether.fi (ETHFI) 0.7
Kraken Ether.fi (ETHFI) 0.7
OKX Ether.fi (ETHFI) 1.1
View all 46 prices
2. Choose a Ether.fi Lender in the UK
Once you have ETHFI, you'll need to choose a Ether.fi lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Bitget Ether.fi (ETHFI) Up to 1% AER
Kucoin Ether.fi (ETHFI) Up to 0.5% AER
3. Lend Your Ether.fi
Once you've chosen a platform to lend your Ether.fi, transfer your Ether.fi 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
PrimeXBT	Ether.fi (ETHFI)	0.7
Binance	Ether.fi (ETHFI)	0.7
BTSE	Ether.fi (ETHFI)	0.7
Coinbase	Ether.fi (ETHFI)	0.7
Kraken	Ether.fi (ETHFI)	0.7
OKX	Ether.fi (ETHFI)	1.1

Platform	Coin	AER
Bitget	Ether.fi (ETHFI)	Up to 1% AER
Kucoin	Ether.fi (ETHFI)	Up to 0.5% 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.