Where and How to Lend IOTA (IOTA)

Introduction

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

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

   Platform	Coin	Price
   Uphold	IOTA (IOTA)	0.3
   OKX	IOTA (IOTA)	0.3
   Binance	IOTA (IOTA)	0.3
   MEXC Global	IOTA (IOTA)	0.3
   BingX	IOTA (IOTA)	0.3
   Kucoin	IOTA (IOTA)	0.3

   See all 14 prices

2. 2. Select a IOTA Lender

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

   Platform	Coin	Interest rate
   Kucoin	IOTA (IOTA)	Up to 0.2 APY

3. 3. Lend Your IOTA

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