Where and How to Lend Litecoin (LTC)

Introduction

Lending Litecoin can be a great option for those who want to hold LTC but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Litecoin (LTC) Tokens

   To lend Litecoin, you need to have it. To acquire Litecoin, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Litecoin (LTC)	102.95
   PrimeXBT	Litecoin (LTC)	102.94
   M2	Litecoin (LTC)	102.97
   Uphold	Litecoin (LTC)	102.98
   OKX	Litecoin (LTC)	102.99
   YouHodler	Litecoin (LTC)	102.96

   See all 31 prices

2. 2. Choose a Litecoin Lender

   Once you have LTC, you’ll need to choose a Litecoin lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	Litecoin (LTC)	Up to 8 AER
   YouHodler	Litecoin (LTC)	Up to 16 AER
   Nebeus	Litecoin (LTC)	Up to 4.5 AER
   Bitget	Litecoin (LTC)	Up to 0.3 AER
   Blockchain.com	Litecoin (LTC)	Up to 1 AER

   See all 7 lending rates

3. 3. Lend Your Litecoin

   Once you’ve chosen a platform to lend your Litecoin, transfer your Litecoin into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.