How to Lend USDC (USDC) in the UK

Introduction

Lending USDC can be an excellent option for those who wish to hold USDC 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 USDC (USDC) Tokens

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

   Platform	Coin	Price
   Nexo	USDC (USDC)	1
   EarnPark	USDC (USDC)	1
   YouHodler	USDC (USDC)	1
   Binance	USDC (USDC)	1
   Coinbase	USDC (USDC)	0

   View all 60 prices

2. 2. Choose a USDC Lender in the UK

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

   Platform	Coin	AER
   Nexo	USDC (USDC)	Up to 14% AER
   Nebeus	USDC (USDC)	Up to 13% AER
   EarnPark	USDC (USDC)	Up to 5% AER
   YouHodler	USDC (USDC)	Up to 20% AER
   Syrup	USDC (USDC)	Up to 10.48% AER
   Neverless	USDC (USDC)	Up to 14% AER

   View all 61 loan rates

3. 3. Lend Your USDC

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