How to Lend Russian Ruble (RUB): A Step-by-Step Guide for the UK

Introduction

Lending Russian Ruble can be an excellent option for those who wish to hold RUB 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 Russian Ruble (RUB) Tokens
To lend Russian Ruble, you need to possess it. To obtain Russian Ruble, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a Russian Ruble Lender in the UK
Once you have RUB, you'll need to choose a Russian Ruble lending platform to lend your tokens. You can see some options here.
3. Lend Your Russian Ruble
Once you've chosen a platform to lend your Russian Ruble, transfer your Russian Ruble 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.

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.