How to Lend Kusama (KSM) in the UK

Introduction

Lending Kusama can be an excellent option for those who wish to hold KSM 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 Kusama (KSM) Tokens

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

   Platform	Coin	Price
   Nexo	Kusama (KSM)	15.87
   Binance	Kusama (KSM)	9.99
   BTSE	Kusama (KSM)	9.99
   Coinbase	Kusama (KSM)	10
   Kraken	Kusama (KSM)	9.97
   OKX	Kusama (KSM)	18.08

   View all 48 prices

2. 2. Choose a Kusama Lender in the UK

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

   Platform	Coin	AER
   Nexo	Kusama (KSM)	Up to 12% AER
   Bitget	Kusama (KSM)	Up to 6% AER
   Kucoin	Kusama (KSM)	Up to 6% AER

   View all 4 loan rates

3. 3. Lend Your Kusama

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