How to Lend Venom (VENOM): A Step-by-Step Guide for the UK

Introduction

Lending Venom can be an excellent option for those who wish to hold VENOM 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 Venom (VENOM) Tokens
To lend Venom, you need to possess it. To obtain Venom, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
OKX Venom (VENOM) 0.07
BingX Venom (VENOM) 0.04
Bitpanda Venom (VENOM) 0.07
CoinEx Venom (VENOM) 0.04
Gate.io Venom (VENOM) 0.04
Kucoin Venom (VENOM) 0.04
View all 13 prices
2. Choose a Venom Lender in the UK
Once you have VENOM, you'll need to choose a Venom lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Kucoin Venom (VENOM) Up to 0.5% AER
3. Lend Your Venom
Once you've chosen a platform to lend your Venom, transfer your Venom 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	Price
OKX	Venom (VENOM)	0.07
BingX	Venom (VENOM)	0.04
Bitpanda	Venom (VENOM)	0.07
CoinEx	Venom (VENOM)	0.04
Gate.io	Venom (VENOM)	0.04
Kucoin	Venom (VENOM)	0.04

Platform	Coin	AER
Kucoin	Venom (VENOM)	Up to 0.5% 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.