How to Lend The Root Network (ROOT): A Step-by-Step Guide for the UK

Introduction

Lending The Root Network can be an excellent option for those who wish to hold ROOT 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 The Root Network (ROOT) Tokens

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

Platform	Coin	Price
Uphold	The Root Network (ROOT)	0.01
Bitget	The Root Network (ROOT)	0
Bitmart	The Root Network (ROOT)	0.000251
CoinEx	The Root Network (ROOT)	0.0002274
Gate.io	The Root Network (ROOT)	0.00025
Hotcoin	The Root Network (ROOT)	0.03

View all 15 prices

2. Choose a The Root Network Lender in the UK
Once you have ROOT, you'll need to choose a The Root Network lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Kucoin The Root Network (ROOT) Up to 100% AER
3. Lend Your The Root Network
Once you've chosen a platform to lend your The Root Network, transfer your The Root Network 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	AER
Kucoin	The Root Network (ROOT)	Up to 100% 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.