How to Lend Venom (VENOM) in 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. 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. 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. 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. 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.