Where and How to Lend DigiByte (DGB)

Introduction

Lending DigiByte can be a great option for those who wish to hold DGB 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 DigiByte (DGB) Tokens

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

   Platform	Coin	Price
   Bitpanda	DigiByte (DGB)	0.01
   Uphold	DigiByte (DGB)	0.01
   OKX	DigiByte (DGB)	0.01
   Binance	DigiByte (DGB)	0.01
   Bitmart	DigiByte (DGB)	0.01
   BingX	DigiByte (DGB)	0.01

   See all 12 prices

2. 2. Select a DigiByte Lender

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

   Platform	Coin	Interest rate
   Kucoin	DigiByte (DGB)	Up to 0.50 APY
   OKX	DigiByte (DGB)	Up to 1.00 APY

3. 3. Lend Your DigiByte

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