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

Introduction

Lending IOST can be an excellent option for those who wish to hold IOST 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 IOST (IOST) Tokens
To lend IOST, you need to possess it. To obtain IOST, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
EarnPark IOST (IOST) 0.01
Binance IOST (IOST) 0
OKX IOST (IOST) 0
BingX IOST (IOST) 0
Bitget IOST (IOST) 0
Bitmart IOST (IOST) 0
View all 35 prices
2. Choose a IOST Lender in the UK
Once you have IOST, you'll need to choose a IOST lending platform to lend your tokens. You can see some options here.
Platform Coin AER
EarnPark IOST (IOST) Up to 10% AER
Kucoin IOST (IOST) Up to 0.5% AER
3. Lend Your IOST
Once you've chosen a platform to lend your IOST, transfer your IOST 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
EarnPark	IOST (IOST)	0.01
Binance	IOST (IOST)	0
OKX	IOST (IOST)	0
BingX	IOST (IOST)	0
Bitget	IOST (IOST)	0
Bitmart	IOST (IOST)	0

Platform	Coin	AER
EarnPark	IOST (IOST)	Up to 10% AER
Kucoin	IOST (IOST)	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.