Where and How to Lend Bitcoin (BTC)

Introduction

Lending Bitcoin can be a great option for those who wish to hold BTC but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire Bitcoin (BTC) Tokens

   To lend Bitcoin, you need to have it. To obtain Bitcoin, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Bitcoin (BTC)	98,199.27
   PrimeXBT	Bitcoin (BTC)	98,230.8
   M2	Bitcoin (BTC)	98,178.95
   Uphold	Bitcoin (BTC)	98,207.85
   EarnPark	Bitcoin (BTC)	98,210.34
   Klink	Bitcoin (BTC)	98,270

   See all 40 prices

2. 2. Select 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

   See all 15 lending rates

3. 3. Lend Your Bitcoin

   After you have selected a platform for lending your Bitcoin, transfer your Bitcoin into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.