How to Lend PIP (pip) in the UK

Introduction

Lending PIP can be an excellent option for those who wish to hold pip 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 PIP (pip) Tokens

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

   Platform	Coin	Price
   Bitget	PIP (pip)	0.04
   CoinEx	PIP (pip)	0.0004085
   Gate.io	PIP (pip)	0.0003182
   Kucoin	PIP (pip)	0.0004
   MEXC Global	PIP (pip)	0

   View all 9 prices

2. 2. Choose a PIP Lender in the UK

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

   Platform	Coin	AER
   Bitget	PIP (pip)	Up to 4% AER

3. 3. Lend Your PIP

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