Where and How to Lend Dogecoin (DOGE)

Introduction

Lending Dogecoin can be a great option for those who wish to hold DOGE 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 Dogecoin (DOGE) Tokens

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

   Platform	Coin	Price
   Nexo	Dogecoin (DOGE)	0.36
   Bitpanda	Dogecoin (DOGE)	0.39
   Uphold	Dogecoin (DOGE)	0.40
   EarnPark	Dogecoin (DOGE)	0.39
   Klink	Dogecoin (DOGE)	0.39
   PrimeXBT	Dogecoin (DOGE)	0.39

   See all 28 prices

2. 2. Select a Dogecoin Lender

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

   Platform	Coin	Interest rate
   Nexo	Dogecoin (DOGE)	Up to 3.00 APY
   YouHodler	Dogecoin (DOGE)	Up to 12.00 APY
   EarnPark	Dogecoin (DOGE)	Up to 7.00 APY
   MEXC Global	Dogecoin (DOGE)	Up to 1.00 APY
   Bitget	Dogecoin (DOGE)	Up to 0.30 APY

   See all 12 lending rates

3. 3. Lend Your Dogecoin

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