How to Lend Ethereum (ETH) in the UK

Introduction

Lending Ethereum can be an excellent option for those who wish to hold ETH 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 Ethereum (ETH) Tokens

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

   Platform	Coin	Price
   Nexo	Ethereum (ETH)	3,121.66
   PrimeXBT	Ethereum (ETH)	3,118.81
   EarnPark	Ethereum (ETH)	3,108.75
   YouHodler	Ethereum (ETH)	3,116.31
   Binance	Ethereum (ETH)	3,120.77
   BTSE	Ethereum (ETH)	3,118.73

   View all 82 prices

2. 2. Choose a Ethereum Lender in the UK

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

   Platform	Coin	AER
   Nexo	Ethereum (ETH)	Up to 8% AER
   Nebeus	Ethereum (ETH)	Up to 4.5% AER
   EarnPark	Ethereum (ETH)	Up to 5% AER
   YouHodler	Ethereum (ETH)	Up to 12% AER
   Aave	Ethereum (ETH)	Up to 0.42% AER
   AQRU	Ethereum (ETH)	Up to 3% AER

   View all 30 loan rates

3. 3. Lend Your Ethereum

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