How to Lend Reserve Rights (RSR): A Step-by-Step Guide for the UK

Introduction

Lending Reserve Rights can be an excellent option for those who wish to hold RSR 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 Reserve Rights (RSR) Tokens
To lend Reserve Rights, you need to possess it. To obtain Reserve Rights, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
PrimeXBT Reserve Rights (RSR) 0
Binance Reserve Rights (RSR) 0
BTSE Reserve Rights (RSR) 0
Coinbase Reserve Rights (RSR) 0
Kraken Reserve Rights (RSR) 0
OKX Reserve Rights (RSR) 0.01
View all 49 prices
2. Choose a Reserve Rights Lender in the UK
Once you have RSR, you'll need to choose a Reserve Rights lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Kucoin Reserve Rights (RSR) Up to 0.5% AER
3. Lend Your Reserve Rights
Once you've chosen a platform to lend your Reserve Rights, transfer your Reserve Rights 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
PrimeXBT	Reserve Rights (RSR)	0
Binance	Reserve Rights (RSR)	0
BTSE	Reserve Rights (RSR)	0
Coinbase	Reserve Rights (RSR)	0
Kraken	Reserve Rights (RSR)	0
OKX	Reserve Rights (RSR)	0.01

Platform	Coin	AER
Kucoin	Reserve Rights (RSR)	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.