How to Lend Polygon (MATIC) in the UK

Introduction

Lending Polygon can be an excellent option for those who wish to hold MATIC 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 Polygon (MATIC) Tokens

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

   Platform	Coin	Price
   Coinbase	Polygon (MATIC)	0.24
   Kraken	Polygon (MATIC)	0.23
   Luno	Polygon (MATIC)	0.6
   BingX	Polygon (MATIC)	0.37
   Bitfinex	Polygon (MATIC)	0.22

   View all 22 prices

2. 2. Choose a Polygon Lender in the UK

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

   Platform	Coin	AER
   Nebeus	Polygon (MATIC)	Up to 13% AER
   Coinbase	Polygon (MATIC)	Up to 2.91% AER
   Gemini	Polygon (MATIC)	Up to 0.01% AER
   Kucoin	Polygon (MATIC)	Up to 5% AER

   View all 11 loan rates

3. 3. Lend Your Polygon

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