How to Lend First Digital USD (FDUSD): A Step-by-Step Guide for the UK

Introduction

Lending First Digital USD can be an excellent option for those who wish to hold FDUSD 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 First Digital USD (FDUSD) Tokens
To lend First Digital USD, you need to possess it. To obtain First Digital USD, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Binance First Digital USD (FDUSD) 1
Azbit First Digital USD (FDUSD) 1
BingX First Digital USD (FDUSD) 1
Bitget First Digital USD (FDUSD) 1
Bybit First Digital USD (FDUSD) 1
View all 19 prices
2. Choose a First Digital USD Lender in the UK
Once you have FDUSD, you'll need to choose a First Digital USD lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Aave First Digital USD (FDUSD) Up to 39.54% AER
BTSE First Digital USD (FDUSD) Up to 7% AER
View all 5 loan rates
3. Lend Your First Digital USD
Once you've chosen a platform to lend your First Digital USD, transfer your First Digital USD 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
Binance	First Digital USD (FDUSD)	1
Azbit	First Digital USD (FDUSD)	1
BingX	First Digital USD (FDUSD)	1
Bitget	First Digital USD (FDUSD)	1
Bybit	First Digital USD (FDUSD)	1

Platform	Coin	AER
Aave	First Digital USD (FDUSD)	Up to 39.54% AER
BTSE	First Digital USD (FDUSD)	Up to 7% 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.