Earn up to
14% AER
An in-depth guide on how to lend TrueUSD (TUSD) in the UK
We have extensive data on lending TrueUSD (TUSD) and we are pleased to share some of this with you.
We present you with various lending options featuring other cryptocurrencies that may pique your interest.
TrueUSD (TUSD) is currently priced at US$4 with a 24-hour trading volume of US$27.65M. The market cap of TrueUSD stands at US$495.68M, with 495.6M TUSD in circulation. For those looking to buy or trade TrueUSD, Nexo offers avenues to do so securely and efficiently
Lending TrueUSD can be an excellent option for those who wish to hold TUSD 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.
To lend TrueUSD, you need to possess it. To obtain TrueUSD, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Once you have TUSD, you'll need to choose a TrueUSD lending platform to lend your tokens. You can see some options here.
| Platform | Coin | AER |
|---|---|---|
| Nexo | TrueUSD (TUSD) | Up to 14% AER |
| YouHodler | TrueUSD (TUSD) | Up to 20% AER |
| Bitget | TrueUSD (TUSD) | Up to 9% AER |
| CEX.io | TrueUSD (TUSD) | Up to 4% AER |
| Kucoin | TrueUSD (TUSD) | Up to 0.5% AER |
Once you've chosen a platform to lend your TrueUSD, transfer your TrueUSD 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.
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.
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.
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