How to Lend Internet Computer (ICP): A Step-by-Step Guide for the UK

Introduction

Lending Internet Computer can be an excellent option for those who wish to hold ICP 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 Internet Computer (ICP) Tokens

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

Platform	Coin	Price
PrimeXBT	Internet Computer (ICP)	3.01
YouHodler	Internet Computer (ICP)	3.01
Binance	Internet Computer (ICP)	3.01
Coinbase	Internet Computer (ICP)	3.01
Kraken	Internet Computer (ICP)	3.01
OKX	Internet Computer (ICP)	5.15

View all 54 prices

2. Choose a Internet Computer Lender in the UK
Once you have ICP, you'll need to choose a Internet Computer lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Kucoin Internet Computer (ICP) Up to 0.5% AER
3. Lend Your Internet Computer
Once you've chosen a platform to lend your Internet Computer, transfer your Internet Computer 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	AER
Kucoin	Internet Computer (ICP)	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.