How to Lend GMT (GMT): A Step-by-Step Guide for the UK

Introduction

Lending GMT can be an excellent option for those who wish to hold GMT 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 GMT (GMT) Tokens
To lend GMT, you need to possess it. To obtain GMT, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Nexo GMT (GMT) 0.01
PrimeXBT GMT (GMT) 0.01
YouHodler GMT (GMT) 0.01
Binance GMT (GMT) 0.01
BTSE GMT (GMT) 0.01
Coinbase GMT (GMT) 0.03
View all 49 prices
2. Choose a GMT Lender in the UK
Once you have GMT, you'll need to choose a GMT lending platform to lend your tokens. You can see some options here.
Platform Coin AER
YouHodler GMT (GMT) Up to 12% AER
View all 4 loan rates
3. Lend Your GMT
Once you've chosen a platform to lend your GMT, transfer your GMT 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
Nexo	GMT (GMT)	0.01
PrimeXBT	GMT (GMT)	0.01
YouHodler	GMT (GMT)	0.01
Binance	GMT (GMT)	0.01
BTSE	GMT (GMT)	0.01
Coinbase	GMT (GMT)	0.03

Platform	Coin	AER
YouHodler	GMT (GMT)	Up to 12% 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.