How to Lend The Sandbox (SAND) in the UK

Introduction

Lending The Sandbox can be an excellent option for those who wish to hold SAND 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 The Sandbox (SAND) Tokens

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

   Platform	Coin	Price
   Nexo	The Sandbox (SAND)	0.12
   PrimeXBT	The Sandbox (SAND)	0.12
   YouHodler	The Sandbox (SAND)	0.12
   Binance	The Sandbox (SAND)	0.12
   BTSE	The Sandbox (SAND)	0.12
   Coinbase	The Sandbox (SAND)	0.12

   View all 65 prices

2. 2. Choose a The Sandbox Lender in the UK

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

   Platform	Coin	AER
   YouHodler	The Sandbox (SAND)	Up to 12% AER
   Bitget	The Sandbox (SAND)	Up to 2.8% AER

   View all 7 loan rates

3. 3. Lend Your The Sandbox

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