Introduction

Lending SelfKey can be an excellent option for those who wish to hold key 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 SelfKey (key) Tokens

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

   Platform	Coin	Price
   BingX	SelfKey (key)	0.0003577
   Bitget	SelfKey (key)	0.000525
   Bitmart	SelfKey (key)	0.000379
   Bitpanda	SelfKey (key)	0

   View all 7 prices

2. 2. Choose a SelfKey Lender in the UK

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

3. 3. Lend Your SelfKey

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