How to Lend Bitcoin (BTC): A Step-by-Step Guide

Introduction

Lending Bitcoin can be a great option for those who want to hold BTC but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Bitcoin (BTC) Tokens
In order to lend Bitcoin, you need to have it. To obtain Bitcoin, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Bitcoin (BTC) 83.310,51
PrimeXBT Bitcoin (BTC) 83.208,9
Uphold Bitcoin (BTC) 83.185,74
EarnPark Bitcoin (BTC) 83.053,99
YouHodler Bitcoin (BTC) 83.256,88
Kraken Bitcoin (BTC) 83.118,1
See all 80 prices

Platform	Coin	Price
Nexo	Bitcoin (BTC)	83.310,51
PrimeXBT	Bitcoin (BTC)	83.208,9
Uphold	Bitcoin (BTC)	83.185,74
EarnPark	Bitcoin (BTC)	83.053,99
YouHodler	Bitcoin (BTC)	83.256,88
Kraken	Bitcoin (BTC)	83.118,1

2. Choose a Bitcoin Lender

Once you have BTC, you’ll need to choose a Bitcoin lending platform to lend your tokens. You can see some options here.

Platform	Coin	Interest rate
Nexo	Bitcoin (BTC)	Up to 7 APY
YouHodler	Bitcoin (BTC)	Up to 12 APY
EarnPark	Bitcoin (BTC)	Up to 15 APY
Nebeus	Bitcoin (BTC)	Up to 4,5 APY
Neverless	Bitcoin (BTC)	Up to 7,25 APY
Aave	Bitcoin (BTC)	Up to 0,01 APY

See all 26 lending rates

3. Lend Your Bitcoin
Once you’ve chosen a platform to lending your Bitcoin, transfer your Bitcoin into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

Bitcoin (BTC) is currently priced at US$2,25 with a 24-hour trading volume of US$62,65B. The market cap of Bitcoin stands at US$1,85T, with 19,81M BTC in circulation. For those looking to buy or trade Bitcoin, Nexo offers avenues to do so securely and efficiently}

Market cap: US$1,85T
24h volume: US$62,65B
Circulating supply: 19,81M BTC

See latest information

Frequently Asked Questions About Lending Bitcoin (BTC)

What are Bitcoin lending rates?: Bitcoin lending rates are the interest rates that lenders charge for borrowing Bitcoin. These rates vary by platform and market conditions and can be compared using Bitcompare's tools.
How often do Bitcoin lending rates change?: Bitcoin lending rates can change frequently due to market volatility. Bitcompare offers real-time price comparisons and alerts to help you keep track of rate changes.
Where can I find the most up-to-date Bitcoin lending rates?: You can find the most current Bitcoin lending rates on Bitcompare. Stay informed by checking the site regularly and using tools like email alerts and sentiment analysis.
Why do Bitcoin lending rates vary by platform?: Bitcoin lending rates vary by platform due to differences in demand, supply, and platform-specific factors. Use Bitcompare to compare rates across various reputable exchanges.
How can I predict future changes in Bitcoin lending rates?: Predicting Bitcoin lending rate changes is challenging; however, Bitcompare's sentiment analysis and news events can provide insights. Stay informed and adapt to market trends.
Can I receive alerts for changes in Bitcoin lending rates?: Yes, Bitcompare offers email alerts to notify you of changes in Bitcoin lending rates. This feature helps you stay updated and make timely decisions.
Is there a comprehensive tool to compare Bitcoin lending rates?: Bitcompare provides a comprehensive comparison tool for Bitcoin lending rates, featuring real-time data, alerts, and analysis to facilitate informed decisions.
How important is staying updated with Bitcoin news?: Staying updated with the latest Bitcoin news is crucial for understanding market trends. Bitcompare offers news events analysis to keep you informed.
What tools can help me monitor the Bitcoin market?: Tools such as real-time price comparisons, email alerts, sentiment analysis, and news updates on Bitcompare are invaluable for monitoring the Bitcoin market.
How can I make well-informed decisions regarding Bitcoin lending?: Regularly check Bitcompare, bookmark the page, and utilize their tools to access current data and trends, helping you make well-informed decisions in the dynamic market.