Introduction
Lending Stella can be an excellent option for those who wish to hold ALPHA 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 Stella (ALPHA) Tokens
To lend Stella, you need to possess it. To obtain Stella, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 21 pricesPlatform Coin Price Uphold Stella (ALPHA) 0.03 BingX Stella (ALPHA) 0.01 Bitget Stella (ALPHA) 0.01 Bitmart Stella (ALPHA) 0.01 Bybit Stella (ALPHA) 0.01 CoinEx Stella (ALPHA) 0.01 2. Choose a Stella Lender in the UK
Once you have ALPHA, you'll need to choose a Stella lending platform to lend your tokens. You can see some options here.
3. Lend Your Stella
Once you've chosen a platform to lend your Stella, transfer your Stella 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.
Latest Movements in the UK
- Market capitalisation
- US$67.31M
- 24-hour volume
- US$6.69M
- Circulating supply
- 909M ALPHA
