Where and How to Lend Cardano (ADA)

Introduction

Lending Cardano can be a great option for those who wish to hold ADA 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 Cardano (ADA) Tokens

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

   Platform	Coin	Price
   Nexo	Cardano (ADA)	0.75
   Bitpanda	Cardano (ADA)	0.75
   Uphold	Cardano (ADA)	0.75
   Klink	Cardano (ADA)	0.75
   PrimeXBT	Cardano (ADA)	0.75
   Kraken	Cardano (ADA)	0.60

   See all 32 prices

2. 2. Select a Cardano Lender

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

   Platform	Coin	Interest rate
   Nexo	Cardano (ADA)	Up to 8.00 APY
   YouHodler	Cardano (ADA)	Up to 12.00 APY
   Bitget	Cardano (ADA)	Up to 1.80 APY
   Kucoin	Cardano (ADA)	Up to 0.50 APY

   See all 9 lending rates

3. 3. Lend Your Cardano

   After you have selected a platform for lending your Cardano, transfer your Cardano 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.