How to Lend Hedera (HBAR) in the UK

Introduction

Lending Hedera can be an excellent option for those who wish to hold HBAR 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 Hedera (HBAR) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Hedera (HBAR)	0.11
   Binance	Hedera (HBAR)	0.11
   Coinbase	Hedera (HBAR)	0.11
   Kraken	Hedera (HBAR)	0.11
   OKX	Hedera (HBAR)	0.11
   Uphold	Hedera (HBAR)	0.17

   View all 53 prices

2. 2. Choose a Hedera Lender in the UK

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

   Platform	Coin	AER
   Coinbase	Hedera (HBAR)	Up to 0.13% AER
   Kucoin	Hedera (HBAR)	Up to 0.08% AER

   View all 4 loan rates

3. 3. Lend Your Hedera

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