How to Lend Solar (SXP): A Step-by-Step Guide for the UK

Introduction

Lending Solar can be an excellent option for those who wish to hold SXP 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 Solar (SXP) Tokens
To lend Solar, you need to possess it. To obtain Solar, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Binance Solar (SXP) 0.06
Bake Solar (SXP) 0.06
BingX Solar (SXP) 0.06
Bitget Solar (SXP) 0.06
Bitmart Solar (SXP) 0.18
Bitpanda Solar (SXP) 0.39
View all 26 prices
2. Choose a Solar Lender in the UK
Once you have SXP, you'll need to choose a Solar lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Kucoin Solar (SXP) Up to 0.5% AER
3. Lend Your Solar
Once you've chosen a platform to lend your Solar, transfer your Solar 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
Binance	Solar (SXP)	0.06
Bake	Solar (SXP)	0.06
BingX	Solar (SXP)	0.06
Bitget	Solar (SXP)	0.06
Bitmart	Solar (SXP)	0.18
Bitpanda	Solar (SXP)	0.39

Platform	Coin	AER
Kucoin	Solar (SXP)	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.