How to Lend SKALE (SKL) in the UK

Introduction

Lending SKALE can be an excellent option for those who wish to hold SKL 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 SKALE (SKL) Tokens

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

   Platform	Coin	Price
   Binance	SKALE (SKL)	0.01
   BTSE	SKALE (SKL)	0.01
   Coinbase	SKALE (SKL)	0.01
   OKX	SKALE (SKL)	0.03
   Uphold	SKALE (SKL)	0.02
   Azbit	SKALE (SKL)	0.01

   View all 50 prices

2. 2. Choose a SKALE Lender in the UK

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

   Platform	Coin	AER
   Bitget	SKALE (SKL)	Up to 1% AER
   Gemini	SKALE (SKL)	Up to 0.01% AER
   Kucoin	SKALE (SKL)	Up to 0.5% AER

   View all 5 loan rates

3. 3. Lend Your SKALE

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