How to Lend Wrapped USTC (USTC) in the UK

Introduction

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

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

   Platform	Coin	Price
   Kraken	Wrapped USTC (USTC)	0.01
   CoinEx	Wrapped USTC (USTC)	0.01
   Hotcoin	Wrapped USTC (USTC)	0.01
   Kucoin	Wrapped USTC (USTC)	0.01
   MEXC Global	Wrapped USTC (USTC)	0.01

   View all 10 prices

2. 2. Choose a Wrapped USTC Lender in the UK

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

   Platform	Coin	AER
   Kucoin	Wrapped USTC (USTC)	Up to 0.5% AER

3. 3. Lend Your Wrapped USTC

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