How to Lend Virtuals Protocol (VIRTUAL): A Step-by-Step Guide for the UK

Introduction

Lending Virtuals Protocol can be an excellent option for those who wish to hold VIRTUAL 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 Virtuals Protocol (VIRTUAL) Tokens

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

Platform	Coin	Price
PrimeXBT	Virtuals Protocol (VIRTUAL)	0.69
Binance	Virtuals Protocol (VIRTUAL)	0.69
BTSE	Virtuals Protocol (VIRTUAL)	0.69
Kraken	Virtuals Protocol (VIRTUAL)	0.69
OKX	Virtuals Protocol (VIRTUAL)	0.69
Uphold	Virtuals Protocol (VIRTUAL)	1.95

View all 42 prices

2. Choose a Virtuals Protocol Lender in the UK
Once you have VIRTUAL, you'll need to choose a Virtuals Protocol lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Kucoin Virtuals Protocol (VIRTUAL) Up to 4% AER
3. Lend Your Virtuals Protocol
Once you've chosen a platform to lend your Virtuals Protocol, transfer your Virtuals Protocol 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	AER
Kucoin	Virtuals Protocol (VIRTUAL)	Up to 4% 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.