Where and How to Lend Ethereum (ETH)

Introduction

Lending Ethereum can be a great option for those who wish to hold ETH 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 Ethereum (ETH) Tokens

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

   Platform	Coin	Price
   Nexo	Ethereum (ETH)	3,489.4
   PrimeXBT	Ethereum (ETH)	3,490.71
   M2	Ethereum (ETH)	3,489.57
   Uphold	Ethereum (ETH)	3,487.5
   EarnPark	Ethereum (ETH)	3,487.89
   Klink	Ethereum (ETH)	3,485.67

   See all 42 prices

2. 2. Select a Ethereum Lender

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

   Platform	Coin	Interest rate
   Nexo	Ethereum (ETH)	Up to 8 APY
   YouHodler	Ethereum (ETH)	Up to 12 APY
   EarnPark	Ethereum (ETH)	Up to 8 APY
   Nebeus	Ethereum (ETH)	Up to 4.5 APY
   Bitget	Ethereum (ETH)	Up to 5 APY

   See all 16 lending rates

3. 3. Lend Your Ethereum

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