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

Introduction

Lending Moonriver can be an excellent option for those who wish to hold MOVR 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 Moonriver (MOVR) Tokens
To lend Moonriver, you need to possess it. To obtain Moonriver, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Binance Moonriver (MOVR) 2.49
Kraken Moonriver (MOVR) 2.49
OKX Moonriver (MOVR) 6.45
Uphold Moonriver (MOVR) 6.57
BingX Moonriver (MOVR) 2.5
Bitget Moonriver (MOVR) 2.5
View all 60 prices
2. Choose a Moonriver Lender in the UK
Once you have MOVR, you'll need to choose a Moonriver lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Kucoin Moonriver (MOVR) Up to 0.5% AER
3. Lend Your Moonriver
Once you've chosen a platform to lend your Moonriver, transfer your Moonriver 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
Binance	Moonriver (MOVR)	2.49
Kraken	Moonriver (MOVR)	2.49
OKX	Moonriver (MOVR)	6.45
Uphold	Moonriver (MOVR)	6.57
BingX	Moonriver (MOVR)	2.5
Bitget	Moonriver (MOVR)	2.5

Platform	Coin	AER
Kucoin	Moonriver (MOVR)	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.