Introduction
Lending Wrapped ZETA can be an excellent option for those who wish to hold WZETA 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 Wrapped ZETA (WZETA) Tokens
To lend Wrapped ZETA, you need to possess it. To obtain Wrapped ZETA, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a Wrapped ZETA Lender in the UK
Once you have WZETA, you'll need to choose a Wrapped ZETA lending platform to lend your tokens. You can see some options here.
Platform Coin AER Bitget Wrapped ZETA (WZETA) Up to 1% AER 3. Lend Your Wrapped ZETA
Once you've chosen a platform to lend your Wrapped ZETA, transfer your Wrapped ZETA 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.
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.
Latest Movements in the UK
Wrapped ZETA (WZETA) is currently priced at US$1 with a 24-hour trading volume of US$101,051. For those looking to buy or trade Wrapped ZETA, Bitget offers avenues to do so securely and efficiently
- 24-hour volume
- US$101,051
